Data: New Bitcoin buyers' holdings have returned to 3.72M coins, comparable to September 2022

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Mars Finance News: On May 15, analyst Murphy said that the first-time buyers of Bitcoin—First Buyers (FB)—are injecting fresh liquidity into the market while also absorbing the excess distribution. Based on data as of May 13, the amount of Bitcoin held by first-time buyer addresses has returned to 3.719 million BTC, an increase of 40,000 BTC compared with May 1. The continued accumulation by new buyers reflects investors’ risk appetite gradually rebounding. Compared with the previous cycle, the current 3.72 million is comparable to September 21, 2022. Once the holdings of new buyers reach more than 4 million BTC, the overall market structure will become healthier, and it can be essentially confirmed that it will no longer easily see a sharp decline or break below prior lows.

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