Glassnode Highlights $63K as Crucial Support With Retail and Whale Buying Picking Up
TL;DR:
- 3% of Bitcoin’s circulating supply, equivalent to approximately 515,000 BTC, is concentrated near the $63,000 price range as of August 4, 2026.
- The 200-week moving average is trading at $63,657, closely aligning with the market price of $63,822 recorded during the session.
- Glassnode’s 30-day Accumulation Trend Score reflects active buying across both retail investor categories and large-holder wallets.
Bitcoin’s $63,000 support became the focal point for the pioneer cryptocurrency’s price action this Tuesday. The latest report from on-chain firm Glassnode indicates that accumulation at this level has reached a significant volume in recent weeks.
On-chain metrics reveal that approximately 515,000 BTC—representing more than 3% of the circulating supply—changed hands near the $63,000 threshold. Furthermore, Glassnode data suggests another relevant block of supply, estimated at over 2% of the total (362,000 BTC), sits near $61,000.
Adding to this volume concentration is a major technical indicator. The asset’s price traded at $63,822 during the August 4, 2026 session, aligning precisely with its 200-week moving average at $63,657. According to Glassnode’s report, this indicator tracks the average weekly price of the last four years and typically acts as a historical trend reference in cryptocurrency markets.
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