Investors have accumulated more than 400,000 Bitcoin within the $60,000–$70,000 range during Bitcoin’s latest pullback, highlighting strong dip-buying activity amid the sharp market correction, according to data by Glassnode.
Data show that supply held in this price band climbed from around 997,000 BTC on January 1 to roughly 1.43 million BTC currently, an increase of about 429,000 BTC, or 43 percent.
Over 8 percent of the circulating supply held outside exchanges now has a cost basis within this range, creating a significant concentration of ownership.
The assessment draws on Glassnode’s Unspent Transaction Output Realized Price Distribution (URPD) metric, which categorizes the existing Bitcoin supply according to the price at which each coin last moved on-chain
Bitcoin has declined from roughly $88,000 at the start of the year to about $63,000, marking part of a wider correction that has seen the cryptocurrency tumble nearly 50 percent from its October record high of $126,000.
The world’s largest cryptocurrency has remained in a prolonged slump since that peak, with fresh U.S. regulatory steps and continued buying by its biggest corporate holder, Strategy, failing to revive market confidence.
Bitcoin’s latest slide was largely fueled by renewed uncertainty surrounding U.S. trade policy, after the Supreme Court invalidated much of President Donald Trump’s tariff program.
In response, Trump announced a 15 percent blanket tariff under a separate legal authority, although the duties initially came into force at 10 percent at midnight on Tuesday.
Although cryptocurrencies are not directly impacted by trade measures, they tend to react sharply to changes in overall market sentiment due to their speculative nature. The uncertainty surrounding U.S. tariffs triggered a broader wave of risk aversion across global financial markets.
The broader crypto market moved lower alongside Bitcoin on Tuesday, as coins continued to struggle for a rebound.
