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Glassnode: New demand in the Bitcoin market continues, with profit pullbacks reaching a new high for the year.
According to a report by Golden Finance, the latest data from on-chain data analysis firm Glassnode shows that over the past 5 days, the holdings of the first batch of Bitcoin buyers increased by 1.0%, reaching 4.93 million coins, indicating a sustained new demand in the market. During the same period, the holdings of steadfast buyers rose by 10.1%, reaching 1.03 million coins, but the growth rate has significantly slowed compared to April. It is worth noting that the holdings of profit-taking sellers increased by 5.4%, reaching 1.83 million Bitcoins, the largest increase this year. At the same time, although the number of loss sellers increased by 37.8%, the overall actual loss scale remains relatively controllable, indicating that market panic is limited.