#Gate广场五月交易分享 New Bitcoin buyers' holdings have risen to 3.68 million coins, approaching the levels seen in the late stages of the 2022 bear market.

Crypto analyst Murphy posted on X platform stating that the holdings of new Bitcoin buyers have been steadily increasing recently, currently rising from a low of 3.38 million to 3.68 million coins.
Although still about 1 million coins short of the bull market peak, it at least indicates that, as the macro environment improves, investors' risk appetite is gradually returning.
Compared to the previous cycle, this is roughly equivalent to the scale of new buyers around mid-August 2022.
At that time, the market was also in the latter half of a bear market.
BTC rebounded from a low of $19,000 to $24,000 (a 26% rebound);
and this time, BTC rebounded from $62,000 to $79,000 (a 27% rebound); the situation is similar.
But the difference is, to hold the same amount of BTC, the amount of money spent now is 3-4 times higher than before, yet it still cannot prevent so many well-funded new buyers from entering.