Bitcoin has entered the top of its "pain zone," touching the largest supply concentration band on-chain at $60,000–$63,000, according to Glassnode's latest weekly report. The analytics firm flagged multiple warning signals in recent weeks, including low-volume bounces, demand outflows, and a dense cluster of unrealized-loss positions sitting below current price levels. The $60K–$63K range represents the highest volume of coins held at a loss, creating significant overhead resistance that could weigh on any recovery attempts. Glassnode's data suggests the market remains under structural pressure as short-term holders face mounting unrealized losses within this concentrated supply band.