Investors bought nearly 260,000 BTC during the dip: the strongest accumulation signal
Bitcoin's crash below the $60,000 mark in early June triggered a wave of aggressive buying by investors. Over ten days, the market absorbed nearly 260,000 coins — one of the most impressive demand indicators in recent months.
Since June 5, the net inflow of coins into investor wallets amounted to 259,298 BTC. The bulk of purchases occurred in the price range from $59,000 to $67,000. Data from on-chain metrics, particularly the UTXO realized price distribution, confirms that not only retail traders but also large holders were buying.
Accumulation indicator at its peak
Glassnode's key indicator — the Accumulation Trend Score (ATS) — reached a maximum value of 1.0. This metric measures the strength of buying interest, adjusted for wallet size and the volume of coins acquired over the last 15 days.
It is important to note that purchases covered all holder groups — from owners of less than 1 BTC (retail investors) to those holding up to 1,000 BTC. This is a stark contrast to the period from March to May, when, with Bitcoin's price around $70,000, most groups acted as net sellers.
Strongest accumulation throughout the entire downturn
The cumulative accumulation trend has remained at peak levels for over two weeks. This suggests that we are not witnessing isolated whale purchases, but broad, distributed demand.
In my assessment, the current picture reflects the strongest accumulation throughout the entire ongoing correction. The fact that buying is happening across all market levels, not just among large players, indicates a return of confidence in the long-term upward trend.
Analytical conclusion: This investor behavior is a classic sign that the $60,000 level is perceived by the market as a zone of fundamental value. If the accumulation trend persists, we may see the formation of a solid bottom and a subsequent reversal upward. However, it is worth monitoring macroeconomic factors that could trigger a new wave of volatility.