High-conviction buyers have been accumulating BTC since January, and Glassnode says the share of supply acquired by this cohort is even larger than during the 2022 cycle. That’s an interesting signal because these are not simply momentum buyers chasing green candles. Conviction buyers are typically defined by their willingness to accumulate during periods of weakness, which can help absorb selling pressure. Glassnode has previously shown that this type of accumulation often becomes more visible around major market inflection points. If this cohort continues absorbing supply while newer demand returns, the current weakness could be laying the groundwork for a stronger move later. The important part isn’t just who is buying, it’s whether they keep holding. #BTC Above 60K# #Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis# $BTC