
PANews|Apr 17, 2025 03:16
Glassnode: BTC first-time buyers are soaring, while long-term holders stop adding positions
Glassnode analyzed last night that on April 14th, there was a divergence in the operational behavior of different investor groups towards Bitcoin: the 30 day relative strength index (RSI) of first-time buyers rose to 97.9, indicating a large influx of new demand; The RSI of steadfast buyers has dropped to 3.2, indicating that they have almost completely stopped increasing their holdings. Such behavioral differentiation often indicates that a local top is about to appear.
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