📊 This Glassnode metric is essentially an on-chain volume profile — a heatmap showing the clusters where Bitcoin supply was last moved.
The weight of the low $60Ks cannot be overstated. 🟠
That area represents an enormous cluster of fresh spot BTC accumulation, showing just how much buying took place around those levels.
In other words, the low $60K region is a major on-chain cost-basis zone and could become an important area of support if price revisits it. 🔥
August 31, 2026 21.3K 26
