Traders snapped up nearly 600,000 BTC as bitcoin dipped below $70,000, blockchain data show

Blockchain data from Glassnode reveals strong institutional and retail demand during Bitcoin's recent price correction below $70,000, with traders accumulating nearly 600,000 BTC total and 200,000 BTC purchased in the past two weeks alone. This buying activity during the dip suggests continued confidence in Bitcoin despite short-term price volatility.