Bitcoin's price hovering around $63,000 has turned into a pivotal area for buyers, as highlighted by Glassnode.
Retail and institutional investors are actively purchasing Bitcoin as it aligns with its 200-week moving average.
By James Van Straten|Edited by Stephen Alpher Aug 4, 2026, 2:49 p.m. 1 min read
Summary
- Approximately 515,000 BTC, which is over 3% of the total circulating supply, is centered around the $63,000 price mark.
- Both retail buyers and large holders, or whales, with at least 1,000 BTC are demonstrating notable buying trends.
Bitcoin has been trading within the range of $60,000 to $67,000 for several weeks, making the $63,000 price point one of the most significant areas of supply. The only greater concentration appears between $78,000 and $82,000, where Bitcoin previously peaked in May.
According to Glassnode's Entity-Adjusted UTXO Realized Price Distribution (URPD), which tracks how much Bitcoin was last moved within various price ranges, around 3% of the supply, or about 515,000 BTC, is clustered around $63,000. Meanwhile, over 2%, or roughly 362,000 BTC, is situated around $61,000.
Currently, Bitcoin's price is closely aligned with its 200-week moving average, which reflects the asset's average price over the last 200 weeks. This average is at $63,657, while Bitcoin's price is slightly higher at $63,822, indicating significant buying activity in this range.
Glassnode's 30-day Accumulation Trend Score indicates that retail investors are currently the most aggressive purchasers at these levels. Other wallet categories are also accumulating, particularly large holders with at least 1,000 BTC, who are showing similar levels of buying.