Jul 10, 2026, 9:16 a.m.
1 min read
Summary
- Bitcoin has traded between $60,000 and $70,000 for 307 days, making it the third longest consolidation within any $10,000 price range in its history, according to Glassnode.
- Roughly 6% of bitcoin's circulating supply last moved between $58,000 and $64,000, creating a significant on-chain cost basis cluster that could provide support near current prices.
Bitcoin BTC$64,277.18 is trading around $64,000, marking 307 days within the $60,000- $70,000 range.
The consolidation range is now the third longest period spent in any $10,000 price band in bitcoin's history, behind only the $10,000-$20,000 and $20,000-$30,000 ranges during the bear markets of 2018 and 2022 respectively, according to Glassnode data.
From a technical perspective, bitcoin continues to trade above its 200-week moving average, currently around $62,873. Historically, prolonged moves below this level have been short lived, making it a closely watched gauge of the long term trend.
Despite holding near $64,000, bitcoin remains roughly 50% below its all-time high reached in October.
Onchain data also points to a significant area of support. Glassnode's Entity Adjusted UTXO Realized Price Distribution, which tracks the price at which bitcoin last changed hands between economic entities, shows that about 6% of the circulating supply sits between $58,000 and $64,000.
Whether this range ultimately resolves higher or lower remains uncertain, but the prolonged sideways trading has established one of bitcoin's largest cost-basis clusters to date.
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Digital Assets: Quarterly Review and Outlook Q2
Digital Assets: Quarterly Review and Outlook Q2
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
43 minutes ago
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.