Bitcoin The fall below $60,000 earlier this month prompted investors to jump into the largest cryptocurrency, with nearly 260,000 BTC purchased over 10 days and a measure of demand rising to its highest possible level.
Investors have purchased a net 259,298 BTC since June 5, paying between $59,000 and $67,000, according to data from Glassnode UTXO Realized Price Distribution. Glassnode’s Accumulation Trend Score by Wallet Cohort, which measures the relative strength of buying fervor based on both buyer size and amount acquired over the previous 15 days, stands at 1.0, the highest reading.
Buying was widespread across all wallet cohorts, ranging from holders holding less than 1 BTC, typically retail investors, to those holding up to 1,000 BTC. Notably, from March to May, most groups were net distributors, or sellers, as bitcoin stagnated around $70,000.
The overall accumulation trend score has now remained at an all-time high for over two weeks, indicating aggressive buying across all cohorts and marking the strongest accumulation behavior seen during the current decline.
