Bitcoin Dip Sparks Buying Frenzy as Investors Scoop Up 260,000 BTC in 10 Days
Bitcoin fell below $60,000 this month, prompting investors to reassess their entry costs. On-chain changes in wallet holdings showed that buying was not concentrated in a single group: retail investors, large holders and whales all increased their positions. The shift suggests coins are moving rapidly from sellers to long-term holders, potentially affecting future supply and price volatility.
The latest data showed that wallets of all sizes bought a combined net total of nearly 260,000 BTC in the 10 days after Bitcoin lost the $60,000 level. Related reports described the accumulation as more than 250,000 BTC. A gauge of market buying activity also rose to its highest level during the observation period, showing that investors large and small viewed the decline as an opportunity to build positions. The concentration of holdings accelerated markedly.
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The history behind this eventBitcoin’s Drop Below $70,000 Draws Strong Buying as Traders Accumulate Nearly 600,000 BTC
Bitcoin retreated after reaching a high of about $126,000 in October 2025 and traded between $60,000 and $70,000 from February 2026. Glassnode uses UTXO Realized Price Distribution, or URPD, to track the price at which BTC last moved on-chain and gauge investors’ cost bases. Areas with concentrated holdings often provide support, but do not guarantee that prices will stop falling.
Glassnode data showed that, as of March 10, 2026, BTC held within that price range had risen from about 997,000 coins on January 1 to 1.558 million, an increase of nearly 600,000 BTC worth about $42.48 billion and representing nearly 8% of circulating supply. An April 8 update put the total at 1.846 million BTC, up 844,000 since the start of the year and accounting for 9.23% of circulating supply.
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