Glassnode: BTC first-time buyers are surging, while long-term holders stop adding to their positions

On April 17th, Glassnode announced on X platform last night that on April 14th, there was a divergence in the operating behavior of different groups of investors towards Bitcoin: the 30-day relative strength index (RSI) of first-time buyers rose to 97.9, indicating a large influx of new demand; while the RSI of steadfast buyers dropped to 3.2, indicating that they have almost completely stopped accumulating. Such divergence in behavior often indicates that a local top is about to appear.