Shrimp-to-Fish cohorts (wallets with <100 BTC) continue to absorb supply faster than itβs created. Monthly balance growth sits above +17K BTC - outpacing the +13.85K Bitcoin issuance - with Shrimps alone adding nearly 10K Bitcoin, underscoring persistent retail-led accumulation.
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Bitcoin has rebounded from last weekβs dip below $114k, climbing back toward $121k.
This weekβs Market Pulse looks at spot, derivatives, ETFs, and on-chain signals to assess if the recovery can sustain - or if profit-taking will take over: https://glassno.de/4majDDk
This weekβs Market Pulse looks at spot, derivatives, ETFs, and on-chain signals to assess if the recovery can sustain - or if profit-taking will take over: https://glassno.de/4majDDk
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A useful gauge of short-term demand trends and potential reversals: when the cost basis of 1wβ1m holders exceeds that of 1mβ3m holders, it signals newer buyers paying a premium - a bullish sign. The gap remains wide, suggesting short-term demand for Bitcoin is still strong.
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In periods of heightened volatility, Glassnodeβs Supply by Investor Behavior metric gives a deeper pulse of the market. For Bitcoin, we are seeing:
πΈSupply held by First Buyers has risen +1.0% (4.88M β 4.93M BTC) over the past 5 days - showing fresh demand continues to enter.
πΈConviction Buyers rose +10.1% (933K β 1.03M BTC) over 5 days. Yet compared to Aprilβs surge, engagement looks muted - suggesting this dip is too shallow for strategic buying, or investors remain hesitant.
πΈLoss Sellers spiked +37.8% (63K β 87K BTC) over the past 5 days. Still, compared to earlier this year, realized losses remain contained - suggesting few investors are panicking.
πΈProfit Takers jumped +5.4% (1.73M β 1.83M BTC), the largest spike YTD. For some investors, this clearly has been a time to lock in gains and take chips off the table.
Learn more about Supply by Investor Behavior metric here.
πΈSupply held by First Buyers has risen +1.0% (4.88M β 4.93M BTC) over the past 5 days - showing fresh demand continues to enter.
πΈConviction Buyers rose +10.1% (933K β 1.03M BTC) over 5 days. Yet compared to Aprilβs surge, engagement looks muted - suggesting this dip is too shallow for strategic buying, or investors remain hesitant.
πΈLoss Sellers spiked +37.8% (63K β 87K BTC) over the past 5 days. Still, compared to earlier this year, realized losses remain contained - suggesting few investors are panicking.
πΈProfit Takers jumped +5.4% (1.73M β 1.83M BTC), the largest spike YTD. For some investors, this clearly has been a time to lock in gains and take chips off the table.
Learn more about Supply by Investor Behavior metric here.
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