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this is one of the most bullish things I’ve seen in weeks
over 400,000 BTC were bought between $60K and $70K during the recent downturn
let that sink in
Supply in that band went from ~997,000 BTC on Jan 1 to 1.43 million BTC now.
That means over 8% of non-exchange circulating supply is sitting right there.
People love to talk about “support levels,” but this is what real support looks like. Hundreds of thousands of coins absorbed in a tight range while fear is high and headlines are negative.