- Recent data suggested that there’s been a large BTC uptake among new investors entering the market.
- The adoption of BTC is likely driven by U.S. investors, who are now slowing down on buying.
The past few days have been rough for Bitcoin’s[BTC] as sellers continue dominating the market. At the time of writing, in the last 24 hours alone, it declined by 1.45%, trading at around $96,800.
While new investors in BTC have been a primary driver of the asset’s recent upward trend, AMBCrypto noticed a decline in buying activity from this group. However, the overall market sentiment remained bullish.
Influx of new investors keeps BTC high
Since the start of 2025, there’s been a surge in new investors purchasing BTC, contributing to the market’s bullish sentiment. This was determined through the Ratio of New and Old Bitcoin Supply on CryptoQuant.
This ratio measures the amount of BTC purchased between one week and six months compared to those purchased six to twelve months ago.
When the ratio on the chart surges, with the purple cloud crossing above the dotted line, it indicates more new investors are purchasing the asset. This often corresponds with a price rally.
If the purple cloud stays above this line, it suggests BTC’s price could remain in bullish territory and may continue to rise.
Primary drivers, U.S. investors, are cooling
According to analysis, the uptake in BTC among new market participants was likely driven by U.S. investors.
The Coinbase Premium Index showed high buying activity among this cohort. At the time of writing, this metric has been dropping, albeit remaining in the positive region.
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Author: Olayiwola Dolapo