On April 28, glassnode released the latest update on Bitcoin supply trends, indicating that first-time buyers and momentum buyers continue to show strong participation, while the activity of profit-taking sellers remains at a moderate level. This is a positive signal, suggesting that demand from new entrants and trend followers remains robust, with no significant selling pressure, which helps support the sustainability of the recent price increase.
Meanwhile, for Ethereum, first-time buyers have significantly rebounded for the first time since February, and the activity of momentum buyers has also increased over the past 7 days. However, the activity of profit-taking sellers is also rising, which provides context for the recent slowdown in ETH price recovery.
