According to Glassnode, the current percentage of Bitcoin wealth held by new investors (24 hours to 3 months) is at 50.2%, which is significantly lower than the peaks seen in previous all-time high cycles, such as 85% in 2018 and 74% in 2021. This suggests that new investors are holding less influence over the market compared to past peak periods, potentially indicating a different market dynamic. Source: Glassnode.