Fresh data from on-chain analytics firm Glassnode, shared on X this Thursday, suggests that new money is once again flowing into the Bitcoin market.
Bitcoin Sees Surge in First-Time Buyers and Dip Accumulation
Despite a record-breaking year for Bitcoin, which has repeatedly topped $100,000, mainstream retail buyers have been largely absent — until now. Glassnode’s latest stats indicate a shift may finally be underway.
According to the firm, the supply held by brand-new Bitcoin investors jumped by 2.86% in just 14 days, rising from 4.77 million to 4.91 million BTC.
“This shows continued capital inflow into Bitcoin, reinforcing the momentum behind its recent breakout,” the report stated.
Bitcoin’s price blasting past $123,000 appears to have reignited interest among both fresh entrants and seasoned market players.
Short-term holders — those who acquired BTC within the last six months — now collectively hold coins with a cost basis averaging over $100,000, a first in Bitcoin’s history.
Glassnode’s cost basis heatmap also reveals strong buying activity during the recent price pullback to under $116,000.
In fact, nearly 196,600 BTC was purchased between $116K and $118K, representing more than $23 billion in value — a sign of high conviction and expectations of further upside.
Retail Hype Still Lags Behind Price Action
Yet despite these milestones, broader retail enthusiasm remains surprisingly subdued.
Google Trends shows only a modest rise in searches for “Bitcoin” over the past couple of weeks — a far cry from the explosive interest seen during previous bull runs.
On X, analytics firm Santiment noted a shift in retail focus: as Bitcoin touched new all-time highs earlier this week, attention quickly spilled over to altcoins.
“Ethereum is now leading the charge,” Santiment reported Wednesday. “Mentions of altcoins are soaring on social media, with people throwing around $4,000+ targets for ETH on platforms like X, Reddit, and Telegram.”
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