- 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.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
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 BloomingBitPiCK News
[Today's Global Trending Coins] Verachain, Solana, Kaito, and Others
45 minutes ago![[Today's Global Trending Coins] Verachain, Solana, Kaito, and Others](https://media.bloomingbit.io/prod/news/5116a3f4-1c3b-4995-aa93-edf39039f2d3.webp)
"Ripple Stablecoin, Traded Over 100,000 Times in Just 2 Months"
1 hours ago
US Crypto Czar: "Bitcoin is a Great Store of Value"
3 hours ago
Cryptocurrency Plummets Amid Disappointment at U.S. Crypto Czar's Press Conference
5 hours ago
[Today's Major Economic and Cryptocurrency Events] US December Labor Department Job Openings and Labor Turnover Survey (JOLTs) and More
5 hours ago![[Today's Major Economic and Cryptocurrency Events] US December Labor Department Job Openings and Labor Turnover Survey (JOLTs) and More](https://media.bloomingbit.io/static/news/brief_en.png)
Ranking News