Bitcoin briefly fell below $60,000 earlier this month, but the pullback drew buyers instead of pushing capital out of the market. Glassnode data shows that since June 5, investors have net accumulated 259,298 BTC in the $59,000 to $67,000 range, signaling a sharp return of on-chain demand during the correction.
Buying clustered in the post-drop trading range
The figures come from Glassnode’s UTXO Realized Price Distribution data. The concentration of purchases in that price band indicates that buyers stepped in after Bitcoin lost a key round-number level. Selling did not dominate the move. Capital rotated into the market and absorbed supply across the retracement zone.
Accumulation indicator reaches its top reading
Glassnode’s Accumulation Trend Score, a metric used to track market buying activity, has climbed to 1.0. That is the highest possible reading. The indicator measures buying strength and the scale of coin accumulation across wallet cohorts over the past 15 days; a full score points to aggressive and persistent buying by market participants.
Retail holders and whales are buying at the same time
The accumulation is not limited to one segment of the market. According to the data, wallets holding less than 1 BTC and large holders with as much as 1,000 BTC have both been adding to positions. The breadth of that activity suggests the current wave of accumulation is spread across multiple holder classes rather than concentrated in a small group.
That marks a shift from March to May, when Bitcoin traded around $70,000 and most investor cohorts were in net selling mode. Glassnode’s accumulation score has now remained at its peak for more than two weeks, showing that coins are continuing to move into stronger hands during the price pullback.