Bitcoin (CRYPTO: BTC) has traded between $60,000 and $70,000 for 307 days, making it the third longest consolidation within any $10,000 price band in its entire history, according to Glassnode data.

Only Two Bear Markets Lasted Longer In A Single Price Range

Bitcoin’s 2018 bear market locked price between $10,000 and $20,000 for longer, and 2022 did the same between $20,000 and $30,000.

Those are the only two stretches in Bitcoin’s history that outlasted the current one, putting the $60,000 to $70,000 range in rare company despite Bitcoin still sitting roughly 50% below its October 2025 peak.

What makes the current consolidation notable is where it sits relative to a key long-term marker. The 200-week moving average currently runs at roughly $62,873, right in the middle of the range.

Every major bear market in Bitcoin’s history has found a floor near this level, and the few times price broke below it, the drop was brief before recovering. Holding above it now keeps the long-term trend from fully breaking down.

6% of All Bitcoin Supply Last Changed Hands Between $58,000 and $64,000

Glassnode’s on-chain data shows that about 6% of Bitcoin’s circulating supply last changed hands between $58,000 and $64,000, creating one of the largest cost-basis clusters in Bitcoin’s history. 

That concentration of buyers in this zone explains much of the support that has kept price from breaking lower, as those holders have a clear incentive to defend their entry prices.

CryptoQuant CEO Says Another Parabolic Cycle Is Still Possible

CryptoQuant CEO Ki Young Ju argued on X that Bitcoin’s declining capital efficiency doesn’t invalidate the bull case, it just changes what the next cycle requires. 

In 2011, $2.7 billion in net capital inflows drove a 55,436% price increase. This cycle, $697 billion produced a 689% return. 

Ju said the next parabolic run likely needs deeper institutional allocation and Bitcoin becoming a core macro asset rather than a retail-driven ETF trade. 

With gold’s market cap currently at $27 trillion, Ju said absorbing $1 trillion or more in realized cap could put another parabolic run on the table.

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