Bitcoin FOMO Returns as New Investors Enter the Market
Recent data from Glassnode shows a significant increase in Bitcoin purchases by first-time buyers. These investors acquired 140,000 BTC in just two weeks during July, representing a 2.86% growth in holdings. This surge coincides with Bitcoin’s price reaching record highs above $123,000, suggesting renewed market enthusiasm.
Investors Capitalize on Price Corrections
Analysis reveals aggressive accumulation during recent price dips below $116,000. Approximately 196,600 BTC changed hands between $116,000-$118,000, demonstrating strong confidence in Bitcoin’s long-term potential. This activity highlights the market’s dynamic nature, with both new and experienced participants actively positioning themselves.
Retail Interest Lags Behind Market Activity
Despite these developments, Google Trends data indicates mainstream retail interest remains subdued. Searches for “Bitcoin” show only modest growth compared to historical levels, raising questions about broader adoption timelines.
Attention Shifts Toward Alternative Cryptocurrencies
Research from Santiment suggests growing retail focus on altcoins, particularly Ethereum. Increased social media discussions about alternative cryptocurrencies indicate diversifying interests within the digital asset space.
