Glassnode: The new buying pressure for Bitcoin is strong and the selling pressure is mild, which helps to support the continuation of the rising trend.
BlockBeats news, on April 28, Glassnode released the latest update on Bitcoin supply trends, indicating that first-time buyers and momentum buyers continue to show strong participation, while the activity level of profit-takers remains moderate. This is a positive signal, suggesting that demand from new entrants and trend followers remains robust, and there is no significant selling pressure, which helps support the sustainability of the recent rise. Meanwhile, in terms of Ethereum, there has been a notable rebound in first-time buyers for the first time since February, and the activity level of momentum buyers has also been increasing over the past 7 days. However, the activity level of profit-takers is also rising, providing context for the recent slowdown in ETH price recovery.
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Glassnode: The new buying pressure for Bitcoin is strong and the selling pressure is mild, which helps to support the continuation of the rising trend.
BlockBeats news, on April 28, Glassnode released the latest update on Bitcoin supply trends, indicating that first-time buyers and momentum buyers continue to show strong participation, while the activity level of profit-takers remains moderate. This is a positive signal, suggesting that demand from new entrants and trend followers remains robust, and there is no significant selling pressure, which helps support the sustainability of the recent rise. Meanwhile, in terms of Ethereum, there has been a notable rebound in first-time buyers for the first time since February, and the activity level of momentum buyers has also been increasing over the past 7 days. However, the activity level of profit-takers is also rising, providing context for the recent slowdown in ETH price recovery.