The current dominance indicator for new investors in Bitcoin has reached 30%,
based on CryptoQuant data, this is a clear medium-term bullish signal, but it hasn't overheated yet.
What this indicator means is: the current market participants are mainly composed of "new money",
which means retail investors or newly entered funds account for a high proportion,
but there is still some distance from the peaks of 2023 (64%) and 2024 (72%).
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In other words, the current BTC price is not driven by a bubble,
but rather is being gradually pushed up by new funds, indicating a higher probability of being in the early to mid stages of a bull market.
This also means—if you are waiting for a pullback to enter, you may miss out on the "cheap" positions.
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📍 Summary Observations:
• Data shows the market is not overheated yet
• New funds are still entering
• Structural rises still have support
• The probability of large pullbacks is low, but short-term fluctuations still exist
This is a time to test patience and discipline, rather than emotional trading.