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Bitcoin spends 307 days in the $60,000-$70,000 range
On-chain data from Glassnode shows about 6% of bitcoin’s circulating supply last moved between $58,000 and $64,000, forming a sizable cost-basis cluster near current levels.
Bitcoin has traded between $60,000 and $70,000 for 307 days, making the consolidation the third longest time it has spent in any $10,000 price band, according to Glassnode data cited by CoinDesk.
CoinDesk reports that bitcoin is trading around $64,000 and that the range sits behind only the $10,000-$20,000 and $20,000-$30,000 bands in terms of duration.
The outlet also pointed to an on-chain cost-basis cluster: about 6% of bitcoin’s circulating supply last moved between $58,000 and $64,000, according to Glassnode’s Entity Adjusted UTXO Realized Price Distribution.
CoinDesk added that bitcoin is still trading above its 200-week moving average, currently around $62,873, and noted the asset remains roughly 50% below its all-time high reached in October.
Latest closeBitcoin $64,765.97 ▲1.3%