Summary
- It was reported that new Bitcoin investors are absorbing the sell-offs from existing holders.
- New Bitcoin investors account for 49.6% of the Bitcoin network's liquidity.
- This suggests that new demand has absorbed the selling pressure from existing investors.
New Bitcoin (BTC) investors are reportedly absorbing the sell-offs from existing Bitcoin holders.
On the 10th (local time), Glassnode stated on X, "The proportion of new Bitcoin investors (holding for less than 3 months) has surged," adding, "They currently account for 49.6% of the Bitcoin network's liquidity." Furthermore, they noted, "This indicates that new demand has absorbed the selling pressure from existing investors."
As of 3:27 PM, Bitcoin is trading at $94,366 on the Binance USDT market, up 0.45% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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