Analysis: Nearly 600,000 Bitcoin were purchased during the recent pullback, with the $60,000–$70,000 range emerging as a dense cost zone.

Svmuu News: According to data from the on-chain analytics platform Glassnode, during Bitcoin’s recent pullback below $70,000, traders have been buying heavily on the dip,accumulating nearly 600,000 BTC, valued at approximately $42.48 billion at current prices, with about 200,000 BTC purchased in the past two weeks alone.At the beginning of this year, the total amount of BTC last transferred within the $60,000 to $70,000 range was approximately 997,000. Following Bitcoin’s recent drop below $70,000, this figure has risen to approximately 1,558,000.This implies that approximately 8% of the current circulating supply was purchased within the $60,000 to $70,000 range, forming a relatively dense cost basis zone. This range may serve as a key support level in the future. (Coindesk)