On April 23rd, on-chain data analyst Murphy posted on social media that according to the RSI (Relative Strength Index) indicator launched by Glassnode, a group of new buyers of BTC showed a significant active level in April, and they actively bought after the price bottomed out. At the same time, a group of trend buyers are also following. From April 8th to April 15th, some profit chips fled, but this behavior did not continue to appear in the subsequent rebound, indicating that market confidence slowly recovered and profit chips began to be sold.
The data situation of ETH is very different from that of BTC. Since February this year, there have been almost no new buyers and trend buyers in ETH. At the same time, there were concentrated loss selling (capitulation) between April 10 and April 16, and then it did not continue as the price rebounded. However, there are always some investors who insist on buying when the price of ETH falls, and this behavior has continued since March 26.
Analyst: On-chain indicators show that BTC profit chips are starting to sell, and ETH has not seen new buyers enter the market, but believers are continuing to buy
2025-04-23 15:37:02
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