Analysis: New investors with less than three months of coin age are absorbing the selling pressure of Bitcoin

2025-01-12 19:12:09

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ChainCatcher news, according to Bitcoinist, Bitcoin is currently trading at around $94,174, stabilizing above the key support level of $92,000. A breakout above $95,000 could act as a catalyst for a new wave of bullish momentum, potentially paving the way for a push towards the psychologically significant level of $100,000.

Glassnode data shows that the trend of Bitcoin ownership is shifting, with the percentage of Bitcoin held by new investors (those with coins aged less than three months) increasing. They currently account for 49.6% of the network's liquidity. This shift indicates that mature investors are strategically reallocating their Bitcoin holdings during the recent upward trend, while new demand is stepping in to absorb selling pressure, providing stability even amid significant market volatility.

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