3.72M tokens, only 280k away from the 4 million threshold—if this momentum continues, the previous lows are likely to hold.

ME News Report, May 15 (UTC+8), analyst Murphy pointed out that new Bitcoin buying addresses are injecting vitality into the market, taking on excess distribution. As of the first-time buying address, Bitcoin holdings have reached 3.72M coins, an increase of 40k coins. This indicates that investors' risk appetite is recovering, comparable to 2022 data. The analyst believes that when new buyers hold over 4 million coins, the market structure will be healthier, and a sharp decline or breaking below previous lows is unlikely to happen easily. (Source: MLion)