- First-time buyer RSI hits 97.9, signaling high market confidence.
- Conviction buyers halt accumulation, suggesting caution amid rising prices.
Bitcoin continues to display robust market health as most holders remain in profit. New demand is rising, signaling positive momentum for the leading cryptocurrency. Data shows that both price performance and historical address analysis back bullish sentiment. Market behavior points to a maturing ecosystem, despite signs of caution from long-term investors.
Fewer Addresses in Loss Signal Market Resilience
According to historical trends, the percentage of Bitcoin addresses holding at a loss has dropped sharply over the years. As of 2024, only 21.6% of all Bitcoin addresses were in the red, a sharp decline from previous downturns. Data from 2012 showed 84.7% of holders were at a loss, decreasing to 76% in 2015, 56.2% in 2018, and 49% in 2022.
Alphractal data from early 2025 now shows just 9.6% of Bitcoin addresses are at a loss, meaning around 90% are in profit. This highlights not only strong market recovery but also increased resilience.
Analysts have pointed out that the reduced number of losing positions reflects improved investor behavior and growing maturity in Bitcoin’s user base. Fewer panic sell-offs have helped support price stability even during minor corrections.
Surge in New Buyers Reflects Short-Term Optimism
On April 14, 2025, blockchain analytics platform Glassnode reported a surge in the Relative Strength Index (RSI) for first-time buyers. The 30-day RSI reached 97.9, indicating high buying pressure from new market entrants. This level often reflects growing confidence and heightened interest in entering the market.
Source: Glassnode
While the RSI of new buyers rose, conviction buyers—those known for long-term accumulation—showed contrasting behavior. Their RSI dropped to just 3.2, suggesting minimal recent activity from this group. Analysts note that long-term holders may pause to reassess market conditions or wait for better price points.
Bitcoin Price Action Supports Upward Trend
Bitcoin’s recent price trend reinforces the ongoing bullish mood. Over the past week, BTC gained 2.99%, reaching $84,604.83 by April 15. Market capitalization climbed to $1.67 trillion, supported by a circulating supply of 19.85 million BTC. Trading volume rose 12.35% in 24 hours to $30.52 billion, indicating increased investor activity.
Source: Coinmarketcap
Price charts show that BTC rebounded from a low on April 11 and has since maintained upward momentum. The price has steadily climbed since trading at around $82,040 on April 10, suggesting solid market support. Analysts interpret this movement as a confirmation of confidence, even as some volatility persists.
Market observers believe rising participation from first-time buyers contributes to current price levels. Still, caution from long-term holders hints at a potential slowdown if momentum is not sustained.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
