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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.
Apr 8, 2026, 11:36 a.m.
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.
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.
