Bitcoin buyers gobbled up nearly 850,000 BTC between $60,000 and $70,000

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin buyers gobbled up nearly 850,000 BTC between $60,000 and $70,000 A ton of BTC was recently traded below $70,000 in a sign of strong dip demand. By James Van Straten | Edited by Omkar Godbole Apr 8, 2026, 11:36 a.m. Make preferred on URPD (Glassnode) What to know : Supply in the $60K to $70K range has increased to 1.85 million BTC, up 844,275 BTC since Jan. 1, signalling strong dip buying. The $70,000 price band holds 2.2% of total supply, making it the fourth largest concentration zone. A supply “air gap” between $70,000 and $80,000, with only 400,000 BTC, suggests potential for rapid price movement or consolidation in that range. Bitcoin BTC $ 71,632.09 may have recently looked choppy under $70,000, but a ton of BTC was traded then, in a sign of strong dip demand. That's evident from blockchain data, which shows the total amount of BTC that last moved on-chain in the $60,000-$70,000 range now stands at 1,845,766 BTC, up from 1,001,491 BTC on Jan. 1, according to data source Glassnode . This increase of 844,275 BTC indicates that some market participants aggressively bought the dip below $70,000. More importantly, that 1.84 million BTC figure accounts for about 9.23% of bitcoin's circulating supply. It means valuations below $70,000 could act as a floor because a lot of coins are “anchored” there and sellers might be reluctant to sell below it. These numbers are derived from Glassnode's Realized Price Distribution (URPD) metric, which shows the price levels where the current set of bitcoin UTXOs – basically, individual chunks of bitcoin in wallets – were last moved. Each bar, as seen in the feature image, represents how much bitcoin is held at a given price. This version is entity-adjusted, meaning coins held by the same owner are grouped together based on the average price they were acquired at. While the $60,000 to $70,000 range has seen heavy activity, $70,000 to $80,000 looks relatively thin, according to Glassnode. Just 400,000 BTC sit in this range, which is nearly half of the amount transacted below $70,000. Bitcoin has bounced back above $70,000 following the temporary ceasefire between the U.S. and Iran. The cryptocurrency spent a better part of the past five weeks or so trading back and forth below $70,000. Yet, it remained resilient relative to traditional risk assets, such as stocks, which wilted as Iran war lifted per barrel oil prices above $100. Bitcoin News Glassnode More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You Ceasefire lifts bitcoin, but animal spirits may not return just yet By Omkar Godbole , Francisco Rodrigues | Edited by Oliver Knight 22 minutes ago Bitcoin clears a key technical hurdle and eyes $76,000 as a temporary ceasefire with Iran and Morgan Stanley’s landmark ETF debut restore market confidence. What to know : Iran and the U.S. agreed to a ceasefire, sending BTC to $71,600. Oil plunged 16% to $95 as the Strait of Hormuz reopened. Markets priced out all 2026 rate cuts, but crypto stayed bid. Morgan Stanley’s bitcoin ETF debuts today, boosting institutional adoption. Bitcoin cleared its 50-day average, eyeing a... Read full story Latest Crypto News Ceasefire lifts bitcoin, but animal spirits may not return just yet 22 minutes ago Six Swiss banks join forces to build a unified digital franc 36 minutes ago South Korea takes away exchange discretion in a major anti-phishing crackdown 52 minutes ago Crypto markets rally as Trump announces two-week Iran ceasefire 1 hour ago MEXC's new CEO wants to tame a memecoin machine without killing what made it work 1 hour ago Pre-market crypto stocks are glowing green after the ceasefire news 2 hours ago Top Stories Attacking bitcoin mining with a quantum computer would require the energy of a star, academics say 5 hours ago CZ says SBF asked for billions 'like a Bologna sandwich' as FTX collapsed 11 hours ago Bitcoin vaults past $72,000 as U.S. stock futures surge on a two‑week U.S.–Iran ceasefire 11 hours ago XRP zooms 5% on bitcoin strength, but trend reversal still unconfirmed 6 hours ago Stablecoin issuers get closer to U.S. federal rules with FDIC's new proposal 17 hours ago U.S. bank with $1.9 trillion in assets could debut its bitcoin ETF Wednesday 5 hours ago