PANews February 24 News, according to CoinDesk, data from Glassnode shows that during Bitcoin’s recent decline, over 400,000 BTC were accumulated in the $60,000 to $70,000 range. The supply within this price range increased from approximately 997,000 on January 1 to about 1.43 million now, a 43% increase, accounting for more than 8% of the circulating supply outside exchanges, forming a dense holding cost zone.
This analysis is based on Glassnode’s UTXO Realized Price Distribution indicator, which groups existing supply by the last on-chain movement price of each Bitcoin and excludes internal transfers within entities and exchange balances through entity adjustments to better reflect the true cost basis of investors. The $70,000 to $80,000 region was previously described as an “air layer,” a zone with historically low trading volume. During this decline, Bitcoin fell from $80,000 to $70,000 in just five days (January 31 to February 5), highlighting how quickly prices can pass through low-volume areas until reaching denser supply zones below.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Quantum Risk with Bitcoin: Real Threat but Not Yet Comprehensive
The risk from quantum computing to Bitcoin investors is real, but not every wallet is vulnerable — and those with the capacity to address this issue are taking proactive steps, according to Galaxy Digital analyst Will Owens.
Owens believes that in theory, quantum computers could potentially break the cryptographic security that underpins Bitcoin.
TapChiBitcoin46m ago
Crypto ETFs Struggle Again: Bitcoin Loses $90 Million, Ether $136 Million
Crypto ETFs remained under pressure on Thursday, with bitcoin and ether posting another round of outflows. Solana offered a rare bright spot, while XRP activity stayed flat.
Solana Bucks Trend as Bitcoin, Ether ETFs See Fresh Outflows
The mood around crypto ETFs remains cautious. Another day, a
Coinpedia2h ago
BTC rises 0.52% in 15 minutes: Major capital net inflows to exchanges and multiple market resonance driving the move
2026-03-20 21:15 to 21:30 (UTC), BTC recorded +0.52% return in 15 minutes, with a price range of 70124.0 to 70586.6 USDT, and amplitude of 0.66%. This round of volatility occurred against a backdrop of increased market attention and heightened fluctuations, with both on-chain and market participants showing highly active behavior.
The main driver of this volatility was whale funds (entities holding >=1,000 BTC) making a net inflow of 4,091.39 BTC to exchanges within 24 hours, data significantly exceeding the average for the same period. Concentrated net inflows
GateNews3h ago
