Woofun AI data shows that Bitcoin is establishing a significant support level between $59,000 and $70,000, a zone now fiercely defended in its history. Approximately 50% of the total supply has been turned over above the $59,000 mark, a figure that rises further if permanently lost coins are excluded.

This turnover is primarily driven by short-term holders (STH), highlighting divergent behavior where some investors panic sell while others accumulate. Although indicators show bearish or oversold conditions, the market bottom structure remains under construction. A volume peak near $84,500 is attributed to internal Coinbase transfers and should be excluded from market analysis.