Bitcoin is back in action; At present, around $ 109K is quoted and reaches a market capitalization of $ 2.11 billion. What is causing these major price changes? A new Glassnode report, a upper blockchain data company, offers some answers. It shows that the two main types of buyers, people who believe in long -term cryptography and new investors, act very differently in the market.
Why are strong believers are important during major changes in the market
Glassnode’s new study analyzes how people buy and spend Bitcoin, Ethereum and Tokens ERC-20. The data show that strong believers and new buyers have very different roles.
Conviction buyers are people who believe in long -term cryptography. They do not scare when prices fall. Glassnode shows that these buyers generally enter when the market is at its lowest point and fear is stronger. During good times, they buy when prices fall a little, helping to stop large falls and keep the market stable.
But only believing is not enough to make prices upload. You also need new buyers that bring fresh money.
New buyers increase prices
Glassnode says that to have a great increase in the price, he needs “buyers for the first time.” These are people who buy Bitcoin or Ethereum for the first time. When many new buyers join, they add new money to the market, which often makes prices increase quickly.
For example, from July to December 2024 and again from March to May 2025, Glassnode experienced a great rise in these new buyers. On both occasions, the price of Bitcoin increased rapidly after that. This shows how strong the new purchase can be.
The market is still driven by emotions
Although graphics and data help, most merchants make decisions based on their feelings. Many everyday merchants follow fear, emotion or what they see on social networks. However, professional merchants use these emotions to make smart movements themselves.
That is why Glassnode made a tool called “Fomometer.” It is shown when merchants feel too excited or too scared.
Read also:- Top 5 altcoins ready to fly, says the analyst
Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice and viewers must consult their financial advisors before investing.
