PANews reports on April 17 that Glassnode analyzed on X platform last night: On April 14, different investor groups showed divergent behaviors towards Bitcoin. The 30-day Relative Strength Index (RSI) for first-time buyers rose to 97.9, indicating a large influx of new demand; while the RSI for committed buyers dropped to 3.2, meaning they have almost completely stopped increasing their holdings. Such behavior divergence often signals an imminent local top.
Glassnode: BTC first-time buyers are surging, while long-term holders stop adding to their positions
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