Bitcoin buyers gobbled up nearly 850,000 BTC between $60,000 and $70,000

A ton of BTC was recently traded below $70,000 in a sign of strong dip demand. What to know : Supply in the $60K to $70K range has increased to 1.85 million BTC, up 844,275 BTC since Jan. 1, signalling strong dip buying. The $70,000 price band holds 2.2% of total supply, making it the fourth largest concentration zone. A supply “air gap” between $70,000 and $80,000, with only 400,000 BTC, suggests potential for rapid price movement or consolidation in that range.