Investors bought nearly 260,000 BTC during the dip below $60,000: what on-chain analytics data says
The collapse of Bitcoin (BTC) below the $60,000 mark in early June triggered a powerful wave of buying from market participants. Over the past ten days, investors have purchased nearly 260,000 coins on a net basis, signaling a significant shift in market sentiment.
Record demand in the $59,000 – $67,000 range
According to the UTXO Realized Price Distribution data, a net accumulation of 259,298 BTC has been recorded since June 5 within the price corridor from $59,000 to $67,000. This indicates that both large and retail players actively used the decline to build positions rather than engage in panic selling.
The Accumulation Trend Score indicator reaches a maximum
A key metric confirming aggressive demand is the Accumulation Trend Score (ATS) from Glassnode. It has surged to a maximum value of 1.0. This indicator assesses the intensity of accumulation, adjusted for wallet size and the volume of coins acquired over the last 15 days. The current ATS level suggests that we are not witnessing isolated purchases but coordinated accumulation across all holder groups—from addresses with a balance of less than 1 BTC to wallets containing up to 1000 BTC.
Trend shift: from selling to buying
Notably, from March to May, when Bitcoin traded near $70,000, most groups were net sellers. The current picture is radically different: the aggregate accumulation trend has remained at peak levels for over two weeks. This means that "smart money" and retail investors are buying the dip in unison, forming a strong support zone.
My expert perspective
Such market behavior is a classic sign of "accumulation amid panic." The massive buyout of coins in the $59,000–$67,000 zone creates a solid foundation for the next upward move. However, it is worth remembering that a confident breakout above $70,000 will require demand consolidation and reduced pressure from short-term holders. For now, the market is showing a healthy structure, and I expect the current zone to become a launchpad for a bullish rally in the second half of the year.