According to the on-chain data monitoring platform glassnode's analysis of Bitcoin supply map, first-time Bitcoin buyers showed strong activity in April: the Relative Strength Index (RSI) remained above 50 throughout the month, reaching 100 last week, and still maintaining a high level of 80 today. This indicates that even with price increases, the "fear of missing out" (FOMO) sentiment in the market continues to rise, with new funds flowing in.
Analysis: First-time Bitcoin buyers active in April, sentiment still rising
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