Over 400,000 BTC bought between $60k and $70k during bitcoin’s latest downturn

Market Intelligence Analysis

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Why This Matters

A significant amount of Bitcoin has been purchased between $60,000 and $70,000 during the recent downturn, indicating potential accumulation by investors.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Glassnode data shows a 43% surge in supply clustered in the $60K to $70K range following bitcoin’s 50% decline from its October all time high.

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Original article published by CoinDesk on February 24, 2026.
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