Glassnode: Bitcoin's New Holder Supply has been strong and selling pressure has been mild, helping to support the continuation of the upward trend

BlockBeats News, April 28th, Glassnode released the latest update on Bitcoin supply dynamics, indicating that first-time buyers and hodlers continue to show strong participation, while profit takers remain at a moderate level of activity. This is a positive signal, indicating that demand from newcomers and trend followers remains strong, and no significant selling pressure has emerged, helping to support the sustainability of the recent uptrend.

At the same time, regarding Ethereum, first-time buyer activity has significantly rebounded for the first time since February, and momentum buyer activity over the past 7 days has also been on the rise. However, profit taker activity is also increasing, providing context for the recent slowdown in ETH price recovery.