New information from Glassnode shows that new buyers, who have had their assets for 24 hours to three months, now own 50% of the market value.
This figure tells an important story about the current state of the cryptic market, especially as Bitcoin fluctuates about $ 100,000. Top Cryptocurrency experienced major price changes, increased over $ 105,000 on Sunday, fell below $ 98,000 on Monday and then increased by 2.04% on Tuesday.
New whales make waves in the Cryptocurrency sea
Since the middle of 2024, entry of New bitcoin whales (See Cryptoquant graph below) has changed the market landscape significantly. These heavyweight investors, defined as units that have had more than 1,000 BTC for less than 155 days, have increased their market share from 17% in July 2024 to 60%.
This increase in the vault accommodation, which occurred while Bitcoin acted at $ 55,000, shows strong institutional confidence despite market volatility.
At 50.2%, the proportion of wealth held by New #Bitcoin Investors (24 hours to 3 months) are still well below the levels seen during previous ATH cycle tops:
🔺2018 Peak: 85%
🔺2021 Top: 74%https://t.co/hktspfvapg pic.twitter.com/6gcogiilvm– ice cream node (@glassnode) January 28, 2025
Historical patterns indicate potential upwards
Previous market cycle analysis shows that we still have a long way to go to top euphoria. New investors owned a much larger proportion of market assets in Market Peaks 2018 and 2021 – 85% and 74% respectively.
Today’s more modest 50.2% figure indicates a lot of space for growth before matching historical designs. It realized the cap Metric reinforces this opinion, which suggests that the current accumulation levels remain relatively conservative compared to previous bull markets.
Market structure shows surprising resilience
Cryptocurrency experts say Bitcoin is currently in a crucial commercial area. Digital asset is facing strong obstacles close to $ 109,000, but it has a fixed support of $ 91,700.
Traders focus on these figures to try to guess the market’s next big change. Market analysts believe that bitcoin must rise by 70% to reach an over -purchase level of about $ 180,000, a goal that has received attention from both ordinary and large investors.
Critical support levels form trading strategy
How the market is set gives an interesting duality. Bitcoin remains over important levels of support, but rejection on upper resistance bands has created a turbulent trading zone.
The technical specialist Ali Martinez emphasizes the importance of the support level of $ 91,700 as it can determine the Bitcoin stability in the short term.
#Bitcoin $ BTC was rejected at the upper red pricing band to $ 109,400. Failure to regain this level shifts focus to the next critical support on orange MVRV pricing band, currently at $ 91,700. pic.twitter.com/h0egu11fwo
– ali (@ali_charts) January 28, 2025
A unique quality of the current market phase is short -term volatility; Bitcoin shows significant profits and losses quickly in succession.
This unique wealth distribution pattern together with more institutional commitment points to a different course for the current bull market than previous cycles.
Compared to previous heights, the smaller amount of wealth under the control of new investors can propose a maturity market with better grounds and perhaps more sustainable development patterns.
The proportion between new and experienced investors can be crucial to determining the next major movement on the market as Bitcoin continues to cross unexplored areas.
Image from Pexels, Chart from TradingView
