Bitcoin sat in one range for 307 days. The tape is still stuck.
This is not just a sleepy chart. Glassnode's cost-basis data says a lot of holders are parked near today's price.
CryptoVibe Desk · bitcoin · markets · glassnode
- →Bitcoin has spent 307 days between $60,000 and $70,000, according to Glassnode data cited by CoinDesk.
- →The range matters because about 6% of supply last moved near current prices, creating a crowded cost-basis zone.
- →Watch whether bitcoin holds its 200-week moving average or finally leaves the range before the end of August.
- cost basis → Cost basis is the price where a holder last bought or moved their coins.
- 200-week moving average → The 200-week moving average is bitcoin's average price over roughly the past four years.
Bitcoin has spent 307 days between $60,000 and $70,000. CoinDesk cited Glassnode data on July 10 showing this is now bitcoin's third longest stay inside any $10,000 price band.
The number matters because this is not random sideways trading. The two longer stretches came in bear markets: $10,000 to $20,000 in 2018 and $20,000 to $30,000 in 2022. This range now belongs in that company, even if the mood feels less broken.
CoinDesk put bitcoin at $64,388.92 on July 10. Glassnode's cost-basis data showed about 6% of circulating supply last moved between $58,000 and $64,000. If you're holding bitcoin near this level, your bag is sitting in the crowded part of the room.
That cluster cuts both ways. A move higher would lift a thick block of holders back into profit. A move lower would put the same group under pressure fast. The tape matches the story: price is stuck because many wallets have the same reference point.
The other number to watch is $62,873. CoinDesk said bitcoin was still above its 200-week moving average near that level on July 10. That line is not magic, but traders watch it because it filters noise over years.
CoinDesk also said bitcoin was roughly 50% below its October all-time high. Given the date, that points to October 2025. Either way, the drawdown is not small.
This is why the range feels heavier than a normal pause. Bitcoin is far below the high, above a long-term support line, and packed with holders around current prices. No one gets to call that clean.
The next break needs volume, not vibes. Until then, $60,000 to $70,000 is still the only number that matters.
CoinDesk is right to make the 307-day range the story because Glassnode's 6% cost-basis cluster turns a boring chart into a positioning problem.
Before Aug. 31, 2026, watch whether bitcoin closes a full week below the roughly $62,873 200-week average or holds above $70,000 for seven straight days.
Primary links and supporting reads used by the desk for this story.
Forward this.
