Massive accumulation: investors purchased nearly 260,000 BTC amid the drop below $60,000
In early June, when Bitcoin (BTC) broke below the $60,000 level, the market demonstrated a classic "smart money" reaction. We are observing a massive wave of accumulation: over ten days starting June 5, a net total of 259,298 BTC was acquired. The purchase price range covered the zone from $59,000 to $67,000, as confirmed by the UTXO Realized Price Distribution metrics.
The key indicator — the Accumulation Trend Score (ATS) — surged to its maximum value of 1.0. This metric, which considers the balance between wallet size and the volume of coins purchased over the last 15 days, signals exceptional strength in buying interest.
Paradigm Shift: From Sellers to Buyers
Notably, the buying spree affected all cohorts of holders — from small retail investors with balances of less than 1 BTC to large players 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 were net sellers. The current dynamics indicate a fundamental shift in sentiment: the market has moved from profit-taking to aggressive accumulation.
Record Demand at All Levels
The aggregate accumulation trend score has remained at peak values for over two weeks. This indicates synchronized and aggressive buying across all participant groups. In my assessment, we are witnessing the strongest accumulation during the entire current correction period. The fact that not only large players but also a broad range of investors are buying points to the return of sustainable and diversified demand.
Expert Commentary by Cryptalist: The on-chain metric data leaves no doubt: the drop below $60,000 was perceived by the market not as a signal to flee, but as an opportunity to enter. The ATS holding steady at 1.0 for two weeks is a rare occurrence, indicating that "smart money" is building long-term positions. If this trend continues, the current zone could become a solid foundation for a new upward movement. However, investors should keep an eye on macroeconomic factors that could disrupt this fragile balance.