💰On-chain data shows that nearly 20% of Bitcoin’s total supply has recently moved within the $60,000–$70,000 range, making it one of the most significant investor cost-basis zones in the current market.

🗓Analysts believe this reflects a transfer of BTC from short-term sellers to long-term conviction holders. In addition, Bitcoin’s “supply in profit” metric has reached levels that previously coincided with major market bottom formations.