Glassnode: Strong New Buying in Bitcoin and Moderate Selling Pressure Contributes to Continued Upward Trend

BlockBeats News, April 29, Glassnode released the latest update on Bitcoin supply trends indicating that first-time buyers and momentum buyers continue to show strong participation, while the activity of profit-takers remains at a moderate level. This is a positive signal indicating that demand from new entrants and trend followers remains robust, and there is no significant selling pressure, which helps support the sustainability of the recent upward trend.

Meanwhile, in the Ethereum sector, there has been a significant rebound in first-time buyers since February, and the activity of momentum buyers has also been increasing over the past 7 days. However, the activity of profit-takers has also been rising, which provides context for the recent slowdown in ETH price recovery. #加密市场反弹 #Strategy增持比特币 #币安Alpha积分 #特朗普暂停新关税 #币安HODLer空投SIGN $BTC $ETH