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glassnode: Bitcoin Market Sees Continued New Demand, Limited Panic Selling Pressure
BlockBeats News, August 19th. According to glassnode data, in the past 5 days, the first-time Bitcoin buyers' holding has increased by 1.0% to reach 4.93 million BTC, indicating sustained market demand. During the same period, strong hand holders' positions grew by 10.1% to reach 1.03 million BTC, but the growth rate is significantly slower compared to April.
Of note, profit-taking holders' positions increased by 5.4% to reach 1.83 million BTC, marking the largest increase this year. Meanwhile, although the number of loss-making sellers has increased by 37.8%, the overall actual loss remains relatively moderate, indicating limited market panic.
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