On-chain data shows the supply held by new Bitcoin buyers has seen a jump recently, a sign that the latest price rally is backed by fresh capital.
First-Time Bitcoin Buyers Have Increased Supply By 2.86%
In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin ‘First Buyers.’ This cohort is part of Glassnode’s broader investor classification system that is based on behavior. The First Buyers include, as the name already hints, the holders who are buying the cryptocurrency for the first time. The supply associated with the group, therefore, can be considered as a proxy of the fresh capital entering into the sector.
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Other groups part of the behavioral classification include Momentum Buyers, the investors
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