On-chain data reveals that since January 1, about 844,275 BTC have last moved in the $60,000 to $70,000 price range, increasing the total supply in this range to 1.85 million BTC. This indicates significant accumulation, likely by institutional buyers, who view this range as a key entry point during recent market corrections. The $70,000 to $80,000 range shows a supply gap with fewer coins last moved, potentially allowing faster price moves once Bitcoin breaks decisively above $70,000. Analysts highlight that this accumulation cluster suggests strong support and less likelihood of panic selling below $70,000, with key factors like geopolitical events and Fed policy influencing near-term price direction.
Law Offices of Howard G. Smith reminds investors of upcoming deadlines to file lead plaintiff motions in securities fraud class actions involving Badger Meter, PicS N.V., Verra Mobility, and Grail, Inc. The lawsuits allege these companies made mislea...
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