Bitcoin Technical Analysis: Bull Markets Accumulate Over 400,000 BTC in Historic Buying Zone
By Diego Rivera | March 3, 2026
Bitcoin has entered what analysts are calling one of the most significant accumulation zones in recent history. Over 400,000 Bitcoin have been accumulated in the 60,000 to 70,000 dollar price range during the recent correction, representing substantial buying activity from large holders.
Support Levels Holding Strong
Technical analysis reveals that Bitcoin is forming a strong base around the 60,000 dollar level. The 60,003 dollar support level has been tested multiple times and continues to hold, suggesting significant buyer interest at these levels.
Key Fibonacci levels show resistance at 67,186 dollars (0.236 retracement) and 71,653 dollars (0.382 retracement). A break above these levels would signal a potential trend reversal.
On-Chain Metrics Signal Bottom Formation
Glassnode data indicates that Bitcoin’s Sharpe ratio has dropped to minus 40, a level historically associated with major cycle bottoms. This metric has only reached such extreme negative readings four times since 2015.
The Puell Multiple has entered oversold territory, while the MVRV-Z Score suggests Bitcoin is trading below its fair value. These combined metrics historically precede significant price recoveries.
What Traders Should Watch
For confirmation of a trend reversal, traders should watch for a daily close above 67,000 dollars with strong volume. Immediate targets include 71,653 dollars and 75,238 dollars respectively.
Technical analysis is inherently uncertain. Past performance does not guarantee future results. This article is for educational purposes only.
Sharpe ratio at -40 has only happened 4 times since 2015. every single time was a generational buy. not saying it cant go lower but the odds are heavily skewed long
puell multiple oversold plus MVRV-Z below fair value at the same time. if you are waiting for a clearer signal you will miss it
chartcrime_ Puell oversold plus MVRV-Z below fair value. if this was tradfi every analyst would be screaming buy
4 prints since 2015 and people still front-ran it as the top each time. the asymmetry only clears when the crowd gives up, this zone looks like that
sharpe at -40 has been a generational buy signal every single time. the sample size is small but the signal is clear. risk reward heavily favors longs here
400k BTC accumulated in the 60-70k range is massive. thats 8% of circulating supply absorbed in one zone. anyone shorting here is fighting serious buy pressure
Rami Haddad 8% of circulating supply absorbed in the 60-70K zone is massive. anyone fighting that accumulation range is brave or reckless
8% of circulating supply absorbed in one zone is massive buy pressure. anyone shorting into this accumulation range is fighting some serious institutional firepower
400K BTC accumulated in the 60-70K range and people were still calling for 40K. same pattern as 2018 bottom when smart money loaded up while CT screamed sub 3K
Mikkel B. accumulation patterns repeat because human psychology does. the 67186 Fib level needed volume confirmation and nobody waited for it. impulsive entries on both sides
400k BTC accumulated between 60-70k and people were still calling for 40k. some accounts on CT never learn
Sharpe at -40 plus 8% of supply absorbed in one zone. anyone who was shorting 60k was betting against every historical signal simultaneously
400k BTC accumulated between 60K and 70K is not retail behavior. that kind of absorption only happens when large coordinated buyers step in
everyone screaming bear market while whales quietly accumulated 400k BTC. honestly at this point the pattern is so obvious it hurts
hard to argue with the flow data. whoever was filling that 60 to 70k band did it quietly for weeks, no single entity shows up that clean on order books
Sharpe ratio at minus 40 has only printed 4 times since 2015 and every single one was a generational long. the fact that 8 percent of supply was absorbed in that zone confirms it
Judge Hinman’s remarks are a watershed moment for the entire crypto industry. The distinction between institutional sales and retail secondary market transactions has been the crux of this case from day one. If XRP is not deemed a security when sold on exchanges to ordinary investors, this sets precedent that could shield dozens of other tokens from SEC overreach. That said, I’d caution against reading too much into obiter comments — the final ruling is what matters. Ripple’s legal team deserves credit for arguing the Howey test nuances brilliantly, but the SEC won’t go down without exhausting every appeal avenue. Stay tuned, this is far from over.
Been holding XRP since 2018 through all the FUD and I’m finally feeling vindicated. The SEC tried to make an example out of Ripple and instead ended up exposing how broken their regulatory framework really is. You can’t just declare everything a security because it suits your agenda. The utility of XRP in cross-border payments is undeniable — institutions like MoneyGram and SBI Holdings didn’t partner with Ripple because they thought it was a stock. They partnered because the tech actually works. That said, I hope the community doesn’t get too euphoric too fast. We’ve been burned before by premature celebrations. Let the courts do their thing and then we moon. 🚀
400k BTC accumulated in the 60-70k range and people were calling for 40k. the data was right there the whole time
400k BTC accumulated in the 60-70k range while CT was panicking about 40k. the data was literally on chain the whole time
accumulation_zone_ whales buying 400k BTC while CT was panicking. same pattern every cycle, never changes
fib_watch_ same pattern every cycle. whales accumulate while retail panics. been this way since 2013
60003 support tested multiple times and holding. Fibonacci resistance at 67186 is the level to watch for confirmation
Dimitri V. 60003 support tested multiple times is real. but the Fib resistance at 67186 needs volume to break, otherwise its just a bounce inside the range
318821 Bea Lindgren exactly. 67186 Fib resistance without volume is just a bounce. need to see spot volume confirm before calling a breakout
400k btc accumulated between 60k and 70k and people still called it a bear market. that was institutional accumulation in plain sight
60,003 support tested multiple times and held every single attempt. whoever was defending that level had serious size