Analysis: Strong buyer activity for first-time Bitcoin purchases in April, market FOMO sentiment continues to rise

On chain analysis company Glassnode published an analysis on X platform, stating that its Bitcoin supply map shows strong activity among sellers who first purchased Bitcoin in April: the Relative Strength Index (RSI) remained above 50 for the entire month and reached 100 last week, remaining at a high of 80 today. This indicates that even with price increases, the fear of missing out (FOMO) sentiment in the market is still on the rise, and there is an influx of new funds.