Glassnode: BTC first-time buyers are surging, while long-term holders stop adding to their positions
On April 17th, Glassnode announced on X platform last night that on April 14th, there was a divergence in the operating behavior of different groups of investors towards Bitcoin: the 30-day relative strength index (RSI) of first-time buyers rose to 97.9, indicating a large influx of new demand; while the RSI of steadfast buyers dropped to 3.2, indicating that they have almost completely stopped accumulating. Such divergence in behavior often indicates that a local top is about to appear.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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