Overview
- Glassnode data reported by CoinDesk shows a net purchase of about 259,298 BTC priced between $59,000 and $67,000 during the recent drawdown.
- Buying was broad-based across wallet sizes, spanning retail holders with under 1 BTC to entities holding up to 1,000 BTC, which points to participation from both small and large investors.
- Glassnode’s Accumulation Trend Score reached its top reading of 1.0 and has remained at peak for more than two weeks, a composite measure the firm uses to gauge cohort-level buying strength.
- The surge in accumulation followed a drop below $60,000 earlier in the drawdown and reverses a March–May pattern when most wallet cohorts were net sellers while bitcoin traded near $70,000.
- The analysis is based on one provider’s on-chain measures rather than exchange order books, so market-watchers should track whether this buying pressure leads to sustained price gains or only a temporary bounce.