Traders snapped up nearly 600,000 BTC as bitcoin dipped below $70,000, blockchain data show

Glassnode data shows strong demand during bitcoin’s recent correction, with 200,00 BTC purchased over the past two weeks. What to know : Nearly 600,000 BTC were accumulated in the $60,000 to $70,000 range during bitcoin’s latest correction. Data from Checkonchain shows around 60% of the circulating supply, is currently in profit, implying about 40% has a cost basis above $70,000.