Bitcoin 'FOMO' is gradually returning as new buyers increase their holdings by an additional 140,000 BTC. A new study from on-chain analytics firm Glassnode shows that 'new capital' has started flowing into the Bitcoin market.
Bitcoin: New buyers and a strong 'buy the dip' trend
In 2025, retail investor interest in Bitcoin has repeatedly become a focal point, but mostly for negative reasons. Meanwhile, the general public remains on the sidelines, even though prices frequently set new highs above $100,000.
However, the latest figures from Glassnode indicate that this trend is gradually changing.
"In the past two weeks, BTC held by first-time buyers increased by +2.86%, from 4.77 million to 4.91 million BTC. New money continues to flow into the market, supporting the recent price breakout," the report stated.
BTC reached a new all-time high (ATH) above $123,000, triggering 'frenzied' investment behavior from both new and veteran investors.
Short-term holders — those who bought in the last 6 months and are still holding now have an average cost basis exceeding $100,000 for the first time in history.
The Glassnode heatmap of the cost basis shows that buyers have 'participated very strongly' during the BTC price adjustment below $116,000 this week.
"Over $23 billion in value was added near the local peak, indicating strong confidence and the potential to position for the next rally," Glassnode shared with followers on X, after 196,600 BTC were purchased in the price range of $116,000 to $118,000.
The general public needs more than the record high price
Although the price of Bitcoin is at a historical peak, the level of interest from the general public remains relatively low.
Data from Google Trends recorded a slight increase in searches for the keyword 'Bitcoin' over the past two weeks. However, when compared to data from the last 5 years, it can be seen that the public's 'FOMO' sentiment has not really returned.
In a recent analysis published on platform X, research firm Santiment suggested that retail investor interest has now shifted to altcoins.
"With ETH leading the way, mentions of various altcoins on social media have surged, along with higher price targets. As Bitcoin's historical all-time high on Tuesday triggered a widespread retail FOMO wave, today, the FOMO frenzy has shifted to ETH – with a series of price predictions above $4,000 appearing on X, Reddit, and Telegram," the report stated on Wednesday.
