CoinVoice has recently learned that the latest data from Glassnode shows that first-time buyers and momentum buyers in the Bitcoin market continue to maintain strong participation, while profit-taking activity remains at a moderate level. This supply-demand structure supports the persistence of the recent Bitcoin rebound.

At the same time, Ethereum has seen a significant increase in the number of first-time buyers since February, and momentum buying activity has also risen over the past 7 days. However, profit takers have become more active in synchrony, which explains why the recent recovery in Ethereum's price has stalled.
Market analysts point out that although large whale wallets are actively accumulating cryptocurrencies, overall market demand has cooled, new ETF inflows have leveled off, and the inflow of stablecoins has not reached the levels seen during previous upswings, indicating that new capital is taking a cautious approach or is in a wait-and-see mode.