Analysis: 2M+ BTC Traded in $62K-$64K Range, May Form Key Support

The signal here is behavioural, not technical: a large share of supply now has a cost basis clustered in one narrow band, which tends to make that zone a psychological reference point for holders. The caveat is that on-chain analysis infers intent from transaction data, and heavy accumulation at a level can just as easily become overhead supply if the market moves lower. Whether that concentration holds as a floor or gets absorbed as exit liquidity is the open question.