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Bitcoin buyers accumulate 260,000 BTC between $59K and $67K

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Investors have bought a net 259,298 BTC since June 5, with the Accumulation Trend Score hitting its maximum reading of 1.0, signaling broad-based buying across wallet sizes.

Bitcoin buyers accumulate 260,000 BTC between $59K and $67K

Bitcoin buyers have accumulated nearly 260,000 BTC over the past ten days, with the bulk of purchases occurring between $59,000 and $67,000. The buying spree followed a dip below $60,000 earlier this month, which triggered renewed demand from investors across all wallet sizes.

According to Glassnode data, the net accumulation since June 5 stands at 259,298 BTC, based on the UTXO Realized Price Distribution metric. The Accumulation Trend Score by Wallet Cohort has reached 1.0, the highest possible reading, indicating that buying activity is both broad and intense. This metric measures the relative strength of purchasing fervor based on buyer size and amount acquired over the previous 15 days. The fact that the score hit 1.0 suggests that accumulation is not concentrated among whales but is spread across small, medium, and large holders.

For crypto traders, this wave of accumulation at the $59,000–$67,000 range may act as a support zone, as a large number of coins were bought there. If Bitcoin holds above this level, it could signal that the market views current prices as attractive entry points. Conversely, a break below could test the resolve of these recent buyers. Traders can monitor these on-chain metrics alongside NowPrice's live crypto dashboard to track real-time price action and accumulation patterns. Looking ahead, the key question is whether this demand can sustain a push above $67,000, or if profit-taking will emerge. The next major resistance lies near the $70,000 area, while on-chain data will continue to provide clues on holder behavior.

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Editorial summary by NowPrice. Read the original article at the source for full reporting.