Bitcoin newbies dem don collect 140K BTC, cost basis don pass 100K
Glassnode on-chain data talk say first-time Bitcoin buyers don add 140,000 BTC for di past two weeks, plus their holdings don increase by 2.86%. At di same time, short-term holders—people wey buy within six months—now hold Bitcoin wey get cost basis pass $100,000 first time. Glassnode cost-basis heatmap show say 196,600 BTC don change hands between $116,000 and $118,000, wey put over $23 million value during recent dip. Even with heavy accumulation, retail FOMO still low: Google Trends data for “Bitcoin” no reach previous peaks, while altcoins like Ethereum dey get more interest. As new investors and strong short-term holders dey absorb supply, exchange liquidity tighten, wey create short-term squeeze wey support price steadiness. Institutional and high-net-worth buyers still dey pick Bitcoin around key support near $11,800. Overall, strong accumulation by fresh Bitcoin holders and confident short-term traders show say better bull market dey come. Next phase of rally fit depend on wider retail participation.
Bullish
Strong Bitcoin gatherin by new buyers and confident short-term holders show say supply for exchang don reduce and demand still dey steady. The 140,000 BTC wey enter and cost basis wey pass $100K dey show say buyers wey new and old get strong believe. Together with buyings from institutions and rich people dem around key support levels, this dynamic dey create supply squeeze wey support price stability and fit make price go up. Even though muted retail FOMO fit limit short-term rallies, the overall on-chain buying trend dey back bullish outlook for Bitcoin.