Data: Over 400,000 BTC were accumulated in the $60,000–$70,000 range during the market decline.

MarsBitNews · 2026-02-24T13:49:17+00:00

Mars Finance reports that on-chain data provider Glassnode shows that during Bitcoin's significant pullback, the market saw a substantial accumulation of positions in the $60,000 to $70,000 range, with over 400,000 BTC being accumulated by investors, indicating strong "bottom-fishing" behavior, and the circulating supply increased by 43%.

MarsBitNews

2026-02-24 13:49:17

Abstract generation in progress

Mars Finance reports that on-chain data from Glassnode shows that during a significant Bitcoin pullback, the market experienced substantial accumulation between $60,000 and $70,000. Over 400,000 BTC were absorbed by investors, indicating strong “bottom-fishing” behavior. The supply of BTC in this price range has increased from approximately 997,000 to about 1,430,000, a rise of around 429,000 BTC or 43%. Currently, over 8% of the circulating non-exchange supply has a cost basis concentrated in this range, forming a dense accumulation zone.

BTC3,13%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.