๐๐ถ๐๐ฐ๐ผ๐ถ๐ปโ๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฆ๐ผ๐ฎ๐ฟ๐: ๐๐ฒ๐ต๐ถ๐ป๐ฑ ๐ง๐ต๐ฒ ๐ฆ๐ฐ๐ฒ๐ป๐ฒ๐ ๐ข๐ณ ๐ช๐ต๐ผโ๐ ๐๐๐๐ถ๐ป๐ด
โฌ๏ธ Bitcoin near $109K & $2.1T market cap, but who's really fueling the surge?
Glassnodeโs new report dives deep into investor behavior to find the real drivers behind recent rallies.
โฌ๏ธ Two Key Buyer Types Identified:
1๏ธโฃ Conviction Buyers = Long-term holders
2๏ธโฃ First-Time Buyers = Fresh money
โฌ๏ธ Why Conviction Buyers Matter:
They tend to buy at market bottoms, providing critical support during corrections. Their presence often signals a trend reversal.
They donโt chase pumps, but help stabilize dips in both BTC and ETH cycles.
โฌ๏ธ First-Time Buyers = Fuel for Price Surges:
Glassnode found that major ralliesโfrom JulyโDec 2024 and again MarโMay 2025โwere driven by new investors entering the market.
More first-time buyers = more buy pressure = higher prices.
โฌ๏ธ Emotions Still Dominate the Game:
Despite data tools, many traders still follow fear and hype.
Thatโs why Glassnode tracks emotional behavior using their โFOMOmeterโ, which detects extreme excitement or fear to predict overbought/oversold zones.
โ Takeaway:
Understanding whoโs buying and why is more powerful than watching price alone.
Conviction = long-term base.
New buyers = breakout fuel.
Emotions = volatility.
