Data analysis indicates mixed sentiments in the Bitcoin market with rising investor activity that may create buying opportunities.
Changes in Investor Behavior
Data from Glassnode indicates that coins held by first-time buyers increased by 1% to 4.93 million BTC, signaling a return of investors who wait for prices to drop for purchasing assets at lower values.
Conviction buyers expanded their positions by 10%, increasing from 933,000 BTC to 1.03 million BTC.
Trends in Loss Sellers and Profit Takers
The number of loss sellers increased their activity by 37.8%, totaling 87,000 BTC. Despite the rise in loss sales, realized losses remain lower compared to earlier tallies, suggesting limited panic selling.
Profit-taking increased by 5.4%, rising from 1.73 million BTC to 1.83 million BTC, marking the largest uptick in 2025.
Comparing Ethereum and Bitcoin
Ethereum’s price has faced pressure, dropping to $4,200, down 12% from its 2025 peak. Analysts predict that Ethereum is testing a breakout zone near the psychological resistance level of $4,400. Nevertheless, ETH is showing more relative strength against Bitcoin, reaching a high in the ETH/BTC trading pair since April.
The situation in the Bitcoin and Ethereum markets continues to evolve, with increased activity from buyers and changes in investor behavior. Future market actions will depend on how participants quickly adapt to current conditions.
