Analyst: New Bitcoin buyers' holdings rise to 3.68 million coins, approaching levels seen in the late 2022 bear market

Crypto analyst Murphy posted on the X platform that the holdings of new Bitcoin buyers have been steadily increasing recently, rising from a low of 3.38 million to 3.68 million.

Although there is still a distance of over 1 million from the peak of the bull market, it at least indicates that as the macro environment improves, investors' risk appetite is gradually returning. Compared to the last cycle, this is roughly equivalent to the scale of new buyers in mid-August 2022. At that time, it was also in the latter half of a bear market. BTC rebounded from a low of $19,000 to $24,000 (a 26% rebound); this time, BTC rebounded from $62,000 to $79,000 (a 27% rebound); the situation is similar.

However, the difference is that to hold the same amount of BTC, the money spent is 3-4 times that of the past, yet it still cannot stop so many strong new buyers from entering the market.