#Gate广场五月交易分享 Bitcoin new buyer holdings rise to 3.68 million coins, approaching the levels seen in late 2022 bear market.

Crypto analyst Murphy posted on X platform stating that the holdings of new Bitcoin buyers have been steadily increasing recently, now up from the bottom of 3.38 million to 3.68 million coins.
Although still about 1 million coins away 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 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 the bear phase.
BTC rebounded from a low of $19,000 to $24,000 (a 26% rebound);
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, it now costs 3-4 times more than in the past, yet it still cannot stop these financially strong new buyers from entering the market.