Glassnode: First-time buyers of BTC are soaring, while long-term holders stop adding to their positions
On April 17, Glassnode analyzed on platform X last night that on April 14, the operating behaviors of different investor groups towards Bitcoin diverged: 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 determined buyers dropped to 3.2, which means that they almost completely stopped increasing their holdings. Such behavioral divisions often signal the imminent emergence of a local top.
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