Glassnode: 7% of Bitcoin Supply Locked in $60,000 to $65,000 Price Range

Glassnode's URPD indicator provides insight into the distribution of Bitcoin's Unspent Transaction Output (UTXO) based on its creation price. Bitcoin's price has remained above $60,000 since Feb. 28 and has only briefly dipped below that level twice, once on March 5 and once for a brief period between April 17 and April 19th. While Bitcoin briefly broke above $70,000 on several occasions in March and April, the URPD indicator shows a massive buildup of supply between $60,000 and $65,000 - the range in which BTC has been trading for the past two weeks. According to Glassnode, as of April 26, about 7% of total supply is concentrated in this range.