Bitcoin has established a new support wall spanning $60,000‑$70,000, a development highlighted in the latest Checkonchain analysis.
Liquidity Trends from Late 2025 to Mid‑2026
Between October 2025 and February 2026, Bitcoin experienced a pronounced outflow of liquidity, eroding market confidence. A rebound in March and April temporarily restored optimism, but the price slipped again in May and has lingered in a downtrend since the start of June. Current trading activity reflects a cautious atmosphere as investors weigh the risk of deeper corrections.
Formation of the $60k‑$70k Accumulation Zone
Checkonchain’s supply‑distribution data reveals that roughly 20 % of Bitcoin’s circulating supply exchanged hands within the $60,000‑$70,000 band, creating a solid accumulation floor. This concentration suggests that a sizable portion of the market is now holding Bitcoin at this price range, reinforcing the asset’s structural resilience. The metric tracks how ownership shifts over time, offering a granular view of blockchain dynamics.
Market Outlook and Investor Sentiment
CryptoQuant analyst Darkfost describes the shift as “one of the largest transfers from weak hands to strong hands that $BTC has ever seen,” underscoring a reallocation of assets among investors. He notes that recent Coinbase activity may not fully capture the breadth of this movement, implying that further data could reveal additional strength. If the support wall holds, Bitcoin’s price stability may improve, influencing future investor strategies across the crypto market.