Nearly 20% of Bitcoin supply clusters in the $60,000–$70,000 range, signaling potential price stabilization amid technical risks.
Bitcoin’s price action suggests a potential floor in the $60,000 to $70,000 range, with on-chain data showing nearly 20% of BTC supply concentrated in that band. This cost-basis cluster indicates strong investor support near current levels.
The unrealized price distribution (URPD) metric highlights $60,000–$70,000 as a major ownership zone, where a significant portion of Bitcoin last moved. However, a bearish technical pattern could still push prices toward $53,500 if resistance levels aren’t reclaimed.
Analysts note that dense cost-basis zones often act as support, as investors may defend positions near their entry points. The current setup suggests higher-cost holders sold during the recent pullback, potentially stabilizing the market.