Bitcoin has seen significant trading activity in the $60,000 to $70,000 price band, with nearly 850,000 BTC being bought up during this period. This is evident from blockchain data provided by Glassnode, which shows a substantial increase in supply in this range since January 1.
The Realized Price Distribution (URPD) metric from Glassnode indicates that the $60,000 to $70,000 range now accounts for around 9.23% of Bitcoin's circulating supply. This could have implications for price movements, as a large portion of coins are 'anchored' in this range.
Interestingly, the $70,000 to $80,000 range appears relatively thin, with only 400,000 BTC sitting in this band. This contrast highlights the potential for rapid price movement or consolidation in this area.