Bitcoin Price Signal: On-Chain Data Shows 850,000 BTC Were Accumulated Between $60K and $70K — Analysts Call It the Cycle’s Strongest Demand Zone

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A fresh bitcoin price read from on-chain data shows that the total supply of BTC last moved between $60,000 and $70,000 has grown by approximately 844,275 coins since January 1 — bringing the total ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Price Signal: On-Chain Data Shows 850,000 BTC Were Accumulated Between $60K and $70K — Analysts Call It the Cycle’s Strongest Demand Zone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-09 05:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bitcoin-price-850k-btc-cluster-signals-demand/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A fresh bitcoin price read from on-chain data shows that the total supply of BTC last moved between $60,000 and $70,000 has grown by approximately 844,275 coins since January 1 — bringing the total ...</p>\n\n<a href=\"https://crypto.news/bitcoin-price-850k-btc-cluster-signals-demand/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BETH","symbol_name":"比特币&以太币期货ETF-ProShares","start_time":0,"source_url":"https://crypto.news/bitcoin-price-850k-btc-cluster-signals-demand/","article_id":"2626951920","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bitcoin-price-850k-btc-cluster-signals-demand/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2626951920","pubTimestamp":1775682600,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"A fresh bitcoin price read from on-chain data shows that the total supply of BTC last moved between $60,000 and $70,000 has grown by approximately 844,275 coins since January 1 — bringing the total cluster in that range to 1.85 million BTC and giving analysts one of the clearest accumulation signals of the current cycle.The $70,000 price band now holds 2.2% of total supply, making it the fourth-largest concentration zone by UTXO Realized Price Distribution, which tracks the cost basis of all BTC currently in circulation. Lacie Zhang of Bitget Wallet assessed the current data landscape: “Bitcoin may be entering the late stage of a typical bear cycle,” she said — a framing that historically precedes base-formation behavior rather than additional downside. Matt Hougan, CIO of Bitwise, pointed to institutional behavior as the structural underpinning: “The best evidence we have is in the ETF market,” he noted, citing continued ETF inflows during the correction as confirmation that large all","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BETH":"比特币&以太币期货ETF-ProShares","YBTC":"比特币看涨期权ETF-Roundhill","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","STCE":"Schwab Crypto Thematic ETF","BITX":"2倍比特币期货ETF-Volatility Shares","MAXI":"比特币期货ETF-Simplify","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","09439":"嘉实比特币-U","09042":"华夏比特币-U","IBIT":"比特币ETF-iShares","BTC":"Grayscale Bitcoin Mini Trust","BTF":"比特币&以太币期货ETF-CoinShares","BK4588":"碎股","BTCI":"NEOS Bitcoin High Income ETF","BK4601":"加密货币现货ETF","BTFX":"比特币期货ETF-CoinShares","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BTC.AU":"Btc Health Ltd","BRRR":"比特币ETF-CoinShares","BITO":"比特币期货ETF-ProShares","BTGD":"STKD Bitcoin & Gold ETF","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","09008":"博时比特币-U","YBIT":"YieldMax Bitcoin Option Income ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","MNRS":"GRAYSCALE BITCOIN MINERS ETF"},"translate_title":"比特币价格信号：链上数据显示85万BTC积累在6万美元至7万美元之间——分析师看涨期权这是本周期最强劲的需求区域","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BETE":1.5,"BITX":1.5,"09439":1.5,"BTCI":1.5,"IBIT":1.5,"09008":1.5,"CBTJ":1.5,"MAXI":1.5,"BITO":0.6,"BTFX":1.5,"YBTC":1.5,"BTC":1,"BETH":1.5,"BTCZ":1.5,"XBTmain":1.5,"BTCL":1.5,"MNRS":1.5,"STCE":1.5,"BTCmain":1.5,"BTGD":1.5,"YBIT":1.5,"BTC.AU":1,"09042":1.5,"BRRR":1.5,"BTF":1.5,"BEGS":1.5},"content_text":"A fresh bitcoin price read from on-chain data shows that the total supply of BTC last moved between $60,000 and $70,000 has grown by approximately 844,275 coins since January 1 — bringing the total cluster in that range to 1.85 million BTC and giving analysts one of the clearest accumulation signals of the current cycle.\n\n\nSummary\n\n\n\nGlassnode data published April 8 shows total BTC supply last moved on-chain in the $60,000 to $70,000 range now stands at 1,845,766 BTC, up from 1,001,491 BTC on January 1 — a net increase of 844,275 BTC indicating aggressive dip buying at that level throughout the Iran war-driven correction\nThe $70,000 price band now holds 2.2% of total supply, making it the fourth-largest concentration zone by UTXO Realized Price Distribution, which tracks the cost basis of all BTC currently in circulation\nA supply “air gap” exists between $70,000 and $80,000, with only approximately 400,000 BTC having last moved in that range — analysts say this thin overhead supply could accelerate price movement in either direction once BTC decisively breaks out of the $65,000 to $73,000 war range\n\n\n\nThe bitcoin (BTC) price consolidation between $65,000 and $73,000 over the past six weeks looks choppy on price charts but reveals a different picture in on-chain data. According to Glassnode’s UTXO Realized Price Distribution (URPD) — which tracks where existing BTC last moved on-chain — the $60,000 to $70,000 range has absorbed 844,275 additional BTC since January 1. As Bitcoin Magazine reported, institutional buyers including ETF vehicles absorbed roughly $2.1 billion in inflows over a three-week period, nearly offsetting year-to-date outflows of $460 million — a sign that large capital is treating the current range as an entry zone.\nThe data does not say Bitcoin is about to break higher. It says a significant number of market participants have established cost basis in the $60,000 to $70,000 range and are unlikely to panic sell within it.\nWhat the URPD Cluster Means for Near-Term Price Action\nThe URPD is useful precisely because it tells analysts not just where Bitcoin is trading, but where holders paid for their coins. A dense cluster in the $60,000 to $70,000 zone means that a large volume of BTC would need to drop below that range before those holders go underwater and begin selling defensively. The bigger the cluster, the stronger the implied support.\nLacie Zhang of Bitget Wallet assessed the current data landscape: “Bitcoin may be entering the late stage of a typical bear cycle,” she said — a framing that historically precedes base-formation behavior rather than additional downside. Matt Hougan, CIO of Bitwise, pointed to institutional behavior as the structural underpinning: “The best evidence we have is in the ETF market,” he noted, citing continued ETF inflows during the correction as confirmation that large allocators see current levels as accumulation opportunities rather than exits.\nThe Supply Air Gap Above $70K and What It Signals\nThe flip side of the $60,000 to $70,000 accumulation story is the supply gap directly above it. Between $70,000 and $80,000, only approximately 400,000 BTC last moved on-chain — a thin overhead supply zone that could accelerate price movement once buying pressure is sufficient to push through it.\nIn practice, air gaps work in both directions: less supply above $70,000 means fewer holders who would sell at a small profit to recover cost basis, which reduces resistance. But without a catalyst strong enough to bring fresh capital into the market, the gap does not self-execute. The Iran war ceasefire outlook, Federal Reserve rate policy, and spot ETF flow trends are the three variables analysts are watching most closely to determine which direction the $65,000 to $73,000 range breaks.\nAs crypto.news reported, Bitcoin briefly touched $70,200 on Monday when ceasefire talks surfaced, demonstrating that the demand capacity for a sustained break above $70,000 exists — but evaporated within hours when Iran rejected the proposal. As crypto.news noted, open interest has been declining alongside price consolidation, suggesting leveraged traders have largely been flushed and the remaining buyer base is more structurally stable.\nThe 844,275 BTC accumulated below $70,000 since January represents the market collectively deciding that this range is worth owning. Whether the Iran war deadline tonight validates or undermines that decision is the most consequential near-term variable.\n\n\n\n\n\n                Read more:\n            \n\n                Techno Revenant unlocks $93.7M HYPE stake, stoking whale-watch jitters","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2626951920","isCrawlerRequest":true}