Glassnode: First-time BTC Buyers are Surging, While Long-term Holders Have Stopped Accumulating
April 17 news, Glassnode analyzed on the X platform last night that on April 14, there was a divergence in the behavior of different investor groups regarding Bitcoin: the 30-day relative strength index (RSI) of first-time buyers rose to 97.9, indicating a surge of new demand; steadfast buyers saw their RSI drop to 3.2, suggesting they have almost completely stopped accumulating. Such behavioral divergence often indicates that a local top is imminent.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A whale sold 255 BTC and went 10x short on BTC and ETH
The 20-year Japanese government bond yield rises by 3 basis points to 2.965%, reaching a record high.
DMG Blockchain: 344 BTC Mined in Fiscal Year 2025, Total Assets Reach $132 Million
Trending news
MoreCrypto prices
More
