Glassnode: BTC first-time buyers are surging, while long-term holders stop adding positions
2025-04-17 03:16:53
On April 17, Glassnode analyzed on the X platform last night that on April 14, the operating behavior of different investor groups on Bitcoin diverged: the 30-day Relative Strength Index (RSI) for first-time buyers rose to 97.9, indicating a large influx of new demand; the RSI for firm buyers fell to 3.2, indicating that they almost completely stopped increasing their holdings. Such behavior divergence often indicates that a partial top is about to appear.
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