Bitcoin Holdings Surge: First-Time Buyers Increase by 1% Amid Market Demand

COINOTAG reported on August 19th that recent Glassnode analytics reveal a 1.0% uptick in first-time Bitcoin purchasers, elevating total holdings to approximately 4.93 million BTC. This metric reflects a steady appetite within the cryptocurrency market. In the same timeframe, the positions of strong hand holders surged by 10.1%, now totaling 1.03 million BTC. However, this increase has markedly slowed when compared to April’s figures. Notably, profit-taking investors have seen their holdings rise by 5.4%, reaching a record 1.83 million BTC, the most significant escalation this year. Interestingly, the tally of loss-making sellers spiked by 37.8%, yet overall loss levels appear controlled, suggesting that market volatility remains contained despite heightened selling activity.