Traders have seized the opportunity to buy Bitcoin during its recent dip below $70,000, accumulating nearly 600,000 BTC, according to Glassnode data. This purchase, valued at approximately $42.48 billion, includes 200,000 BTC acquired in the last two weeks alone.
At the start of the year, around 997,000 BTC were last moved within the $60,000–$70,000 range. Following the recent price drop, this figure has increased to about 1.558 million BTC, indicating that approximately 8% of the current circulating supply was acquired in this price range. This accumulation could establish a strong support level for Bitcoin in the future.
Traders Accumulate 600,000 BTC During Recent Price Dip
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