Bitcoin New Buyers' Holdings Rise to 3.68M BTC, Approaching August 2022 Bear Market Levels

BTC-0.29%
According to ChainCatcher, analyst Murphy reported that Bitcoin new buyers' holdings have recently increased to 3.68 million BTC from a low of 3.38 million. The accumulation level now approaches the scale seen in August 2022, during the latter half of the previous bear market. Murphy noted that despite the 100+ million BTC gap from the bull market peak, the rising holdings reflect improving investor risk appetite amid better macroeconomic conditions.
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