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Bitcoin (BTC) price analysis: $63,000 level is key

News | 2026/08/05 14:01

Bitcoin (BTC) price analysis: $63,000 level is key

Details on buying activity around Bitcoin's $63,000 level

Bitcoin's $63,000 zone has emerged as a crucial battleground for buyers. According to Glassnode, approximately 515,000 BTC, more than 3% of the circulating supply, is concentrated around the $63,000 price level:

  • All wallet cohorts are accumulating, with retail investors and whales holding at least 1,000 BTC showing the strongest buying activity.

Bitcoin has traded between $60,000 and $67,000 for several weeks, making $63,000 one of the most heavily supplied price areas.

Glassnode's 30-day Accumulation Trend Score indicates that retail investors are currently the most aggressive buyers at these prices.

Accumulation Trend Score by Cohort (Glassnode)

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