Bitcoin Accumulation: Over 400,000 BTC Purchased at $60k-$70k Support Zone

Significant Bitcoin accumulation has been recorded during the recent market correction. Data reveals that investors acquired over 400,000 BTC while its price traded between the $60,000 and $70,000 range. This substantial buying pressure in a key support zone indicates strong conviction among large-scale holders, often referred to as "whales" or institutional investors. The volume of Bitcoin bought during this downturn suggests that major market participants view these price levels as a long-term value area. This accumulation phase could establish a solid foundation for Bitcoin's price, potentially limiting future downside and signaling underlying market strength despite short-term volatility. Analysts highlight this as a classic sign of strategic accumulation during periods of fear or uncertainty in the crypto market.