On-chain analytics firm Glassnode reports that Bitcoin buyers have accumulated more than 250,000 BTC in the $59,000–$67,000 range, with participation spanning retail wallets up to whale-sized cohorts. The Accumulation Trend Score has reached its highest reading during the current drawdown cycle, suggesting conviction among existing buyers is rising even as price remains below prior highs.

The setup now centers on whether this demand zone acts as a durable floor or becomes a trapped-buyer overhang if macro or sentiment deteriorates further. Key things to watch: whether price can reclaim and hold above the $67,000 upper bound of the accumulation zone, and whether on-chain outflows from exchanges continue — a sign that holders are moving BTC into cold storage rather than preparing to sell.