How Bitcoin Investor Behavior Drives Market Trends

Krutika Adani

Investor Behavior

Glassnode introduces a new framework analyzing BTC holders by five key behavioral patterns influencing price shifts.

Conviction Buyers: Stabilizing the Dips

These investors buy during downtrends—often marking bear market bottoms and fueling bounce-backs in bullish runs.

First Buyers: Catalysts for Bull Runs

Glassnode says new buyers surge during trend reversals—often coinciding with Bitcoin’s strongest rallies.

Momentum, Profit, and Loss Players Also Matter

While Conviction and First Buyers drive direction, Profit Takers and Loss Sellers add volatility to the mix.

BTC Hits ATH

First Buyer demand is rising again—just as Bitcoin crosses $100K, signaling potential for further gains.

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