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Glassnode: Bitcoin Market Sees Continued New Demand, Limited Panic Selling Pressure
Summary: According to Glassnode data, in the past 5 days, the amount of first-time Bitcoin buyers has increased by 1.0% to reach 4.93 million coins, indicating sustained new demand in the market. At the same time, strong buyers' holdings grew by 10.1% to reach 1.03 million coins, but the growth rate compared to April has significantly ...
According to Glassnode data, in the past 5 days, the amount of first-time Bitcoin buyers has increased by 1.0% to reach 4.93 million coins, indicating sustained new demand in the market. At the same time, strong buyers' holdings grew by 10.1% to reach 1.03 million coins, but the growth rate compared to April has significantly slowed down. It is worth noting that profit-taking sellers' holdings increased by 5.4% to reach 1.83 million bitcoins, marking the largest increase this year. Meanwhile, although the number of sellers in loss increased by 37.8%, the overall actual loss remains relatively manageable, indicating limited panic sentiment in the market.
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Link: Glassnode: Bitcoin Market Sees Continued New Demand, Limited Panic Selling Pressure [Copy]
