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The holdings of recent new BTC buyers have continued to rise. They have now increased from the bottom of 338w枚 to 368w枚.
Although it’s still a distance of 100w+枚 from the peak of the bull market, it at least shows that as the macro environment improves, investors’ risk appetite is gradually returning.
If we compare it to the previous round, it is roughly equivalent to the size of new buyers around 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); while this time, BTC rebounded from $62,000 to $79,000 (a 27% rebound)—the situation is similar.
But what’s different is that to hold the same amount of BTC as before, the money spent is 3–4 times, yet it still cannot stop so many financially strong new buyers from entering the market.
This also means that Bitcoin—really—has changed from what it used to be...$BTC #Gate广场五月交易分享