Glassnode: Over 400000 bitcoins accumulated in the $60000 to $70000 range, forming a dense cost support zone According to CoinDesk, Glassnode data shows that over 400000 BTC were accumulated in the $60000 to $70000 range during Bitcoin's recent decline. The supply within this price range has increased from about 997000 coins on January 1st to about 1.43 million coins currently, an increase of 43%, accounting for more than 8% of the non exchange circulating supply, forming a dense holding cost zone. This analysis is based on Glassnode's UTXO implemented price distribution indicator, which groups existing supply based on the price of each Bitcoin at its last on chain movement, and excludes internal transfers and exchange balances within the same entity through entity adjustments to more clearly reflect the cost basis of real investors. The area between $70000 and $80000 was previously described as an "air layer" with historically low trading volume. In this decline, Bitcoin fell from $80000 to $70000 in just five days (January 31st to February 5th), highlighting the price's ability to quickly cross low trading volume areas and reach denser supply areas below.