Data: Nearly 600,000 bitcoins were bought during the pullback, with the $60,000 to $70,000 range becoming a dense cost zone

According to data from the on-chain analysis platform Glassnode, during the recent pullback of Bitcoin below $70,000, traders have significantly bought the dip, accumulating nearly 600,000 BTC, valued at approximately $42.48 billion at current prices. Among this, about 200,000 BTC were added in the last two weeks alone. At the beginning of this year, the last transfer of BTC in the range of $60,000 to $70,000 was about 997,000 BTC, and after Bitcoin recently fell below $70,000, this number has risen to approximately 1.558 million BTC. This means that currently about 8% of the circulating supply was purchased in the $60,000 to $70,000 range, forming a relatively dense cost base, which may become an important support level in the future.