Glassnode: Strong new Bitcoin buying and moderate selling pressure, helping to support the continuation of the upward trend

BlockBeats news, on April 28th, Glassnode released the latest update on Bitcoin supply trends, stating that first-time buyers and momentum buyers continue to show strong engagement, while the activity of profit taking participants remains at a moderate level. This is a positive signal indicating that demand from new entrants and trend followers remains strong and there is no significant selling pressure, which helps to support the sustainability of the recent uptrend. At the same time, in terms of Ethereum, there has been a significant rebound in first-time buyers since February, and the activity of kinetic buyers has also been increasing in the past 7 days. However, the activity of profit taking investors is also increasing, which provides background information for the recent slowdown in ETH price recovery.