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BlockBeats News, May 15th - Analyst Murphy stated that the first-time Bitcoin buyer's new address (First Buyers, FB) is bringing fresh blood to the market while absorbing excess selling pressure. As of data on May 13th, the Bitcoin holdings of first-time buyer addresses have returned to 3.719 million BTC, an increase of 40,000 BTC compared to May 1st.
The continuous accumulation by new buyers reflects a gradual recovery in investor risk appetite. Compared to the previous cycle, the current 3.72 million is equivalent to September 21, 2022. When the holdings of new buyers reach above 4 million BTC, the overall market structure will become more robust. At that point, it can be reasonably expected that there will be no more significant drops or breaches of previous lows.
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