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Analyst: Bitcoin's new buyers have increased their holdings to 3.68 million, close to the levels seen in the late stages of the 2022 bear market.

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PANews
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2 hours ago
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PANews May 1 news, crypto analyst Murphy posted on the X platform stating that the holding of new Bitcoin buyers has been continuously increasing recently, rising from a low of 3.38 million to 3.68 million. Although there is still a gap of over 1 million from the peak of the bull market, it at least indicates that as the macro environment improves, investors' risk appetite is gradually returning. Compared to the last cycle, this is roughly equivalent to the scale of new buyers in mid-August 2022. At that time, it was also in the latter half of a bear market. BTC rebounded from a low of $19,000 to $24,000 (a 26% rebound); this time BTC has rebounded from $62,000 to $79,000 (a 27% rebound); the situation is similar. But the difference is that to hold the same amount of BTC, the money spent is 3-4 times that of the past, yet it still cannot stop so many strong new buyers from entering the market.

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