Bitcoin News Today: New Investors Accumulate 140,000 BTC in Two Weeks, Injecting 23 Billion Dollars

In a notable shift within the bitcoin market, a substantial amount of 140,000 BTC has been accumulated by new investors over the span of two weeks. This significant movement has occurred without the usual fanfare, as social media and mainstream interest remain relatively subdued. The accumulation, driven by first-time buyers, has injected nearly 23 billion dollars into the market, with purchases concentrated around the price range of 116,000 to 118,000 dollars. This activity suggests a growing confidence among new entrants, who are not deterred by the current high prices.

According to on-chain data from Glassnode, the supply held by first-time BTC buyers increased by 2.86% over the past two weeks, rising from 4.77 million to 4.91 million BTC. This figure underscores the influx of fresh capital into the market, supporting the recent price breakout. The accumulation was not random but occurred at specific price levels, indicating strong investor conviction. Notably, 196,600 BTC were acquired in the price range of 116,000 to 118,000 dollars, representing a significant injection of capital near the local top. This level is often interpreted as a strong confidence signal, as it involves wallets that had never held BTC before.

Despite the impressive figures, public interest in bitcoin remains low, as indicated by data from Google Trends. Searches for the term “bitcoin” have shown only a modest increase over the past two weeks, falling well below the historical peaks observed during previous cycles. This suggests that mainstream interest in BTC is comparatively moderate, and the bulk of non-specialized investors does not yet seem to have awakened. Additionally, there is a noticeable shift in interest towards altcoins, particularly Ethereum. Social media mentions of many altcoins have surged, with higher price targets being set. This shift could indicate that retail investors are already looking for the next opportunity, believing that the bitcoin train has passed or become too expensive.

The current market dynamics present a intriguing scenario. On one hand, there is a significant accumulation of BTC by new investors, suggesting a bullish outlook. On the other hand, the lack of public enthusiasm and the shift in interest towards altcoins could indicate a more cautious approach by retail investors. This discreet resurgence of interest, driven by profiles previously absent, could well mark a turning point in the current cycle. The market is waking up, but this time, quietly. The average cost of short-term holders exceeding 100,000 dollars for the first time in bitcoin’s history adds another layer of complexity to the market dynamics. This could signal a new phase of market maturity, where investors are more discerning and less driven by short-term price movements.