According to glassnode, on-chain data for Ethereum (ETH) is showing the first signs of a potential trend reversal in buyer behavior. Since the beginning of July, the supply of ETH held by first-time buyers has increased by approximately 16%. This significant uptick suggests renewed market interest and fresh capital inflows from new participants, a potentially bullish signal for traders monitoring network adoption and accumulation trends.

According to Crypto Rover, 74% of Bitcoin losses have been incurred by investors who purchased Bitcoin within the last month. This indicates that newer participants in the market are experiencing significant losses, which could lead to a reduction in their market participation. Such dynamics are critical for traders to understand as it may influence market volatility and liquidity. Source: Crypto Rover.

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.