Glassnode: Surge in BTC First-Time Buyers, Long-Term Holders Cease Accumulation
PANews April 17: Glassnode analyzed on the X platform last night that on April 14, there was a divergence in Bitcoin operations among different investor groups. The 30-day Relative Strength Index (RSI) for first-time buyers rose to 97.9, indicating a substantial influx of new demand, while the RSI for staunch buyers dropped to 3.2, suggesting they have almost completely stopped adding to their holdings. Such behavioral divergence often signals an impending local top.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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