April 2025 represents a significant period for analyzing the Bitcoin and Ethereum markets. Analyst Murphy from Glassnode highlights diverse investor behaviors.
Bitcoin Attracts New Buyers
In April 2025, analyst Murphy used Glassnode's RSI to highlight changes in investor behavior. According to his findings, Bitcoin attracted new buyers after a price drop and subsequent rebound. This indicates a recovery of market confidence, as liquidation volumes have decreased. Investors are holding their assets as opposed to past trends of selling during brief recoveries.
Limited New Buyer Activity in Ethereum
In contrast to Bitcoin, Ethereum shows limited new buyer activity since February. The market remains cautious, reflected in its two-sided activity: despite initial sell-offs, some buyers continue to make purchases at price lows.
Market Demonstrates Cautious Optimism
Despite ongoing skepticism regarding the economic environment, short-term market fluctuations affirm cautious optimism. Arthur Hayes, co-founder of BitMEX, remarked, "I expect increased volatility and am positioned for Bitcoin’s medium-term upside."
April 2025 is marked by differing trends in the Bitcoin and Ethereum markets. The sustained growth in interest towards Bitcoin reflects a recovery of confidence, while caution on the Ethereum side suggests that additional factors are needed to attract new buyers.
