Glassnode: New demand in the Bitcoin market continues, profit-taking reaches a new high for the year

ChainCatcher news, according to the latest data from on-chain analytics firm Glassnode, the holdings of Bitcoin's first buyers increased by 1.0% over the past 5 days, reaching 4.93 million coins, indicating sustained new demand in the market. During the same period, the holdings of steadfast buyers grew by 10.1%, reaching 1.03 million coins, but the increase has significantly slowed compared to April.

It is worth noting that the holdings of profit-takers increased by 5.4%, reaching 1.83 million Bitcoins, marking the largest increase this year. Meanwhile, although the number of loss sellers increased by 37.8%, the overall actual loss scale remains relatively controllable, indicating that market panic is limited.