Not only does the data from long-term holders show that investors are very interested in BTC below $70,000, but the Bitcoin holding distribution data also makes this clear. When Bitcoin's price was between $60,000 and $80,000, high-net-worth investors holding more than 10 BTC consistently showed a trend of accumulation. Even small-scale investors holding less than 10 BTC were buying during this period at a comparable pace. A rare trend of 'everyone accumulating' emerged. In other words, not just high-net-worth investors, but even small-scale investors (retail investors) are buying Bitcoin and are currently primarily holding onto it.