Approximately 600,000 Bitcoins have been bought during the pullback, with $60,000 to $70,000 becoming a dense cost zone.

SmartContractAuditor · 2026-03-10T14:15:04+00:00

According to Glassnode data, when Bitcoin retraced below $70,000, traders bought nearly 600,000 BTC, worth approximately $42.48 billion, and this range accumulated about 8% of the circulating supply, forming an important support level.

SmartContractAuditor

2026-03-10 14:15:04

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Odaily Planet Daily reports that according to on-chain analysis platform Glassnode, during Bitcoin’s recent pullback below $70,000, traders bought heavily on dips, accumulating nearly 600,000 BTC, worth approximately $42.48 billion at current prices. In just the past two weeks, about 200,000 BTC have been added to this buy-in. At the beginning of this year, the last transfer of BTC within the $60,000 to $70,000 range was about 997,000 BTC, but after Bitcoin recently fell below $70,000, this number has increased to approximately 1,558,000 BTC. This means about 8% of the circulating supply is bought within the $60,000 to $70,000 range, forming a dense cost basis zone that could become an important support level in the future. (Coindesk)

BTC3.24%

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