New Bitcoin investors are showing a higher level of resilience compared to past bearish trends suggesting growing confidence in BTC's rally.
Recently, BTC reached a five-week high above $64,000, and while it has since retreated to trade at $63,685 at press time, bullish signs continue to emerge., traders who bought Bitcoin in the last 155 days or less are showing a higher “degree of resilience” compared to past market cycles.Short-term Bitcoin holders tend to cause short-term price volatility as they are more reactive to price movements.
According to the New Investors Confidence in Trend metric by Glassnode, short-term holders are showing confidence and deviating from previous patterns where they tend to panic during bearish trends. Additionally, those who have held Bitcoin for 3–6 months will break even once the price crosses $66,500. This data further shows that short-term holder losses are minimal.The Bitcoin Futures markets showed an uptick in activity. Since BTC broke above $60,000 on 17th September, Funding Rates have spiked, and have been predominantly positive.
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