Bitcoin Dips Below $70,000: Is It Time to Buy?

Bitcoin has been trading below $70,000 since early June, down about 49% from its all-time high in October 2025.

The current downturn is largely due to macroeconomic factors such as a fragile economy and high interest rates, but long-term holders have started buying the dip.

Analysis by Glassnode found that these investors flipped from distributing to accumulating Bitcoin, with the strongest accumulation happening among wallets with small balances.