On April 28, Glassnode released the latest update on Bitcoin supply trends, saying that first-time buyers and momentum buyers continue to show strong participation, while profit-taking activity remains at a moderate level. This is a positive signal that demand from new entrants and trend followers is still strong and there is no obvious selling pressure, which helps support the sustainability of the recent uptrend.
Meanwhile, on Ethereum, for the first time since February, buyers have rebounded significantly, and momentum buyer activity has also increased in the past seven days. However, the activity of profit-taking holders is also increasing, providing background on the recent slowdown in ETH price recovery.
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