Bitcoin Consolidates Support Between $59K-$70K as 50% of Supply Changes Hands

According to CryptoQuant analyst Darkfost, Bitcoin is constructing crucial support levels in the $59,000-$70,000 range, one of the most heavily defended price zones in the asset's history. Approximately 50% of Bitcoin's total supply has already changed hands above the $59,000 level, with the percentage climbing higher when excluding lost coins.

The shift has been driven primarily by short-term holders, with market participants showing diverging behaviors—some selling amid panic while others continue accumulating.