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Bitcoin Crosses $2 Trillion Market Cap, Attracting New Buyers Amid Mixed Market Signals
Bitcoin has recently soared past a $2 trillion market capitalization, marking its highest level since the end of January. This major milestone has ignited a wave of interest from first-time investors, even as seasoned momentum traders tread with caution.
$BTC
Last Thursday, BTC surged past $100,000, pushing its overall market value above the $2 trillion mark. Since then, it has maintained a steady hold at this level, with optimism building ahead of key U.S. inflation data expected soon.
In bullish market conditions like these, new entrants often flood in—and that's exactly what's happening. There's a noticeable rise in first-time buyers, suggesting a surge of retail FOMO (fear of missing out). Many investors are jumping in, driven by the rapid gains and the fear of being left behind.
On-chain data reveals that new demand is robust. The Relative Strength Index (RSI) for first-time buyers has held at a perfect 100 for an entire week, showing strong and sustained interest from fresh wallets interacting with Bitcoin for the first time.
Despite this bullish influx, not all investor segments are reacting the same way. Momentum buyers—who typically jump in to ride an established trend—are notably subdued, with their 30-day RSI sitting at just 11. Additionally, the number of profit-takers is climbing, indicating that some investors are already securing gains rather than betting on further upside.
$BTC
This divergence hints at a potential short-term consolidation or pullback, especially if new capital inflows begin to slow.
While the influx of new buyers is promising, the overall sentiment remains cautiously optimistic as the market digests key economic signals and positions itself for the next move.
#BitcoinSurge
#CryptoMarketBoom
#BTC2Trillion
$BTC
Last Thursday, BTC surged past $100,000, pushing its overall market value above the $2 trillion mark. Since then, it has maintained a steady hold at this level, with optimism building ahead of key U.S. inflation data expected soon.
In bullish market conditions like these, new entrants often flood in—and that's exactly what's happening. There's a noticeable rise in first-time buyers, suggesting a surge of retail FOMO (fear of missing out). Many investors are jumping in, driven by the rapid gains and the fear of being left behind.
On-chain data reveals that new demand is robust. The Relative Strength Index (RSI) for first-time buyers has held at a perfect 100 for an entire week, showing strong and sustained interest from fresh wallets interacting with Bitcoin for the first time.
Despite this bullish influx, not all investor segments are reacting the same way. Momentum buyers—who typically jump in to ride an established trend—are notably subdued, with their 30-day RSI sitting at just 11. Additionally, the number of profit-takers is climbing, indicating that some investors are already securing gains rather than betting on further upside.
$BTC
This divergence hints at a potential short-term consolidation or pullback, especially if new capital inflows begin to slow.
While the influx of new buyers is promising, the overall sentiment remains cautiously optimistic as the market digests key economic signals and positions itself for the next move.
#BitcoinSurge
#CryptoMarketBoom
#BTC2Trillion
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