Currently, #Bitcoin is trading near the lower end of the $60K-$70K cost basis range for recent buyers, an area that’s beginning to show signs of demand stepping in. There is visible accumulation happening within this zone, indicating that new participants are gradually absorbing supply. The intensity of this accumulation is still weaker compared to past phases that led into strong recoveries.

The buyer cluster here remains relatively thin, conviction is still building rather than fully established. Overall, the structure looks constructive, but it’s not yet strong enough to confirm a solid base. Continued accumulation and a deeper concentration of holders in this range would be needed to support a more confident bullish outlook.