Recently, the holdings of new BTC buyers have continued to rise. Currently, they have increased from the lowest level of 3.38 million coins to 3.68 million coins.

Although it is still 1 million+ coins away from the peak of the bull market, at least it shows that as the macro environment improves, investors’ risk appetite is gradually returning.
If we compare it with the previous cycle, it is roughly equivalent to the size 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); and this time, BTC rebounded from $62,000 to $79,000 (a 27% rebound)—the situation is similar.
But the difference is that to hold the same amount of BTC, the money required is 3 to 4 times what it was in the past, yet it still can’t stop so many well-funded new buyers from entering the market.
This also means that BTC is really different from what it used to be...$BTC ‌#Gate广场五月交易分享