Bitcoin hits the area of highest trading volume between $60,000 and $63,000.

Glassnode posted on the X platform that Bitcoin has fallen to the top of the "pain zone," with the price briefly touching the largest accumulation zone on its on-chain chart, a range of $60,000 to $63,000. Glassnode's weekly on-chain report has been issuing warning signals for several weeks, including a rebound with reduced volume, outflow of demand, and the presence of this dense area below.