Krutika Adani
Glassnode introduces a new framework analyzing BTC holders by five key behavioral patterns influencing price shifts.
These investors buy during downtrends—often marking bear market bottoms and fueling bounce-backs in bullish runs.
Glassnode says new buyers surge during trend reversals—often coinciding with Bitcoin’s strongest rallies.
While Conviction and First Buyers drive direction, Profit Takers and Loss Sellers add volatility to the mix.
First Buyer demand is rising again—just as Bitcoin crosses $100K, signaling potential for further gains.