Bitcoin returned to work. Nowadays, it is traded by about 109 thousand dollars and up to the roof of a market worth $ 2.11 trillion. What causes these major changes in the price? A new report from Glassnode, a Blockchain higher data company, offers some answers. It explains that the two main types of buyers, people who believe in encryption for the long and new investors, act completely differently in the market.
Why are the strong believers are important during the major market changes
The latest study of Glassnode is looking at how to buy people, bitcoin spending, ethereum and ERC-20. Data shows that strong believers and new buyers have very different roles.
The condemnation buyer are people who believe in long -term encryption. They do not panic when prices drop. Glassnode explains that these buyers usually come when the market is at its lowest level and fear is the strongest. During good times, they buy when prices decrease slightly, which helps to stop significant declines and maintain the market constant.
But just a strong belief is not enough to make prices rise. You also need new buyers who bring new money.
New buyers are driving prices
Glassnode says it is to get a significant increase in prices, you need “buyers for the first time.” These are the people who buy Bitcoin or Ethereum for the first time. When many new buyers join, they add new money to the market, making prices rise quickly.
For example, from July to December 2024 and again from March to May 2025, Glassnode has seen a significant climbing in these new buyers. Either way, the Bitcoin price increased quickly after that. This indicates the strength of the new purchase.
The market is still driven by emotions
Although plans and data assistance, most traders make decisions based on their feelings. Many merchants follow every day fear, excitement, or what they see on social media. However, professional traders use these feelings to make smart movements for themselves.
For this reason, Glassnode made a tool called “Foometter”. It appears when traders feel enthusiastic or extreme fear.
Also read:- The best 5 altcoins is ready to upgrade, the analyst says
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