According to glassnode, BTC supply mapping data indicates robust new demand with the First-Time Buyers RSI consistently at 100 throughout the week, signaling sustained inflows from new participants (source: glassnode, May 12, 2025). However, Momentum Buyers RSI remains low at approximately 11, revealing a lack of aggressive follow-up buying. Additionally, profit takers are increasing, which may suggest heightened selling pressure. If fresh inflows decrease, this combination could result in a period of price consolidation. Traders should monitor on-chain inflow trends and profit-taking activity closely to gauge near-term BTC price action (source: glassnode, May 12, 2025).

According to glassnode, the latest BTC supply mapping update reveals that both First Buyers and Momentum Buyers are maintaining strong engagement, indicating robust ongoing demand from new and trend-following market participants. Meanwhile, Profit Takers’ activity remains moderate, suggesting there is not significant profit-taking or distribution pressure at present. This dynamic is constructive for traders, as it points to sustained buying interest and potential for continued price stability or upward momentum, based on verifiable on-chain data from glassnode (source: glassnode, April 28, 2025).

According to glassnode, Ethereum (ETH) has experienced its first significant increase in First Buyers since February, coupled with a notable rise in Momentum Buyer activity over the past week. However, the uptick in Profit Taker activity is providing resistance, explaining the recent stall in ETH price recovery. This dynamic suggests that while fresh capital and short-term traders are entering the market, selling pressure from profit-taking is capping upward momentum (source: glassnode, April 28, 2025). Traders should monitor these buyer and seller flows to assess near-term ETH price direction.