CoinDesk·3 min read·medium
Bitcoin’s $63,000 zone emerges as key battleground for buyers: Glassnode
J
James Van Straten
✦AI Summary
Market analysis from Glassnode indicates that the $63,000 price level has become a significant accumulation zone for Bitcoin. Data shows that both retail investors and large-scale holders are actively buying within this price range.
Glassnode’s Entity-Adjusted UTXO Realized Price Distribution (URPD) shows how much bitcoin supply last moved within each price band, with each entity’s balance assigned to its average acquisition price. More than 3% of the supply, approximately 515,000 BTC, is concentrated around $63,000, while more than 2%, or roughly 362,000 BTC, sits around $61,000.
businesscryptoeconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in