Glassnode data shows aggressive bitcoin buying between $59,000 and $67,000

Glassnode UTXO Realized Price Distribution data show investors bought a net 259,298 BTC since June 5, paying between $59,000 and $67,000. Bitcoin's drop below $60,000 earlier this month spurred investors to pile into the largest cryptocurrency, with almost 260,000 BTC bought over 10 days.

Glassnode's Accumulation Trend Score by Wallet Cohort stands at 1.0, the top reading. The metric measures the relative strength of purchasing fervor based on both the size of buyers and the amount acquired over the previous 15 days.

Buying has been broad-based across wallet cohorts, ranging from holders with less than 1 BTC to entities holding as many as 1,000 BTC. From March through May most groups were net distributors as bitcoin stagnated around $70,000.

The aggregate Accumulation Trend Score has remained at a peak level for more than two weeks, indicating aggressive buying across cohorts and marking the strongest accumulation behavior observed during the current drawdown.

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