Analysis: New investors, who have been in the currency for less than three months, are absorbing the selling pressure of Bitcoin

According to Bitcoinist, the current trading price of Bitcoin is approximately around $94,174, basically stable above the key support level of $92,000. If it breaks through $95,000 it could become a catalyst for a new round of bullish momentum and potentially pave the way towards reaching the psychologically significant level of $100,000.

Glassnode data shows that ownership trends in Bitcoin are changing. The percentage of Bitcoin wealth held by new investors (those who have owned coins for less than three months) is rising and currently accounts for 49.6% of network liquidity. This shift indicates that mature investors have strategically allocated their holdings during recent upward trends while new demand is stepping in to absorb selling pressure - providing stability even amidst severe market fluctuations.