🔥 New Money is Pouring into Bitcoin Here’s What the On-Chain Data Shows 🔥
According to on-chain analyst Murphy, new Bitcoin buyers have stacked 400,000 BTC in just two months right before the August rally! That’s roughly 2% of the entire circulating supply accumulated at a massive pace of ~200,000 BTC per month. 📊
Here’s why this matters:
🔹 New Holder Stack Growing: Total holdings for first-time buyers this cycle have reached 4.27M BTC, climbing back to levels not seen since mid-August 2023.
🔹 Surpassing 2023 Demands: Compare this to Jan–Aug 2023, where new buyers took 7 full months to accumulate 340,000 BTC. With BTC prices now ~2.6x higher, the actual capital flowing into the market today is dramatically larger! 💰
🔹 Momentum Buyers Are BACK: For the first time since January, investors are actively buying above their cost basis. Because momentum buyers rarely show up during temporary bear-market bounces, their return signals strong market confidence and underlying structural support for the trend. 🚀
What are your thoughts on this capital surge? 👇
#Bitcoin #BTC #OnChain #CryptoNews #BitcoinAnalysis #CryptoMarket #Cryptocurrency #CryptoTrading #BullMarket #BTCUSD
$BTC
According to on-chain analyst Murphy, new Bitcoin buyers have stacked 400,000 BTC in just two months right before the August rally! That’s roughly 2% of the entire circulating supply accumulated at a massive pace of ~200,000 BTC per month. 📊
Here’s why this matters:
🔹 New Holder Stack Growing: Total holdings for first-time buyers this cycle have reached 4.27M BTC, climbing back to levels not seen since mid-August 2023.
🔹 Surpassing 2023 Demands: Compare this to Jan–Aug 2023, where new buyers took 7 full months to accumulate 340,000 BTC. With BTC prices now ~2.6x higher, the actual capital flowing into the market today is dramatically larger! 💰
🔹 Momentum Buyers Are BACK: For the first time since January, investors are actively buying above their cost basis. Because momentum buyers rarely show up during temporary bear-market bounces, their return signals strong market confidence and underlying structural support for the trend. 🚀
What are your thoughts on this capital surge? 👇
#Bitcoin #BTC #OnChain #CryptoNews #BitcoinAnalysis #CryptoMarket #Cryptocurrency #CryptoTrading #BullMarket #BTCUSD
$BTC