Glassnode: Bitcoin maintains strong pump, Ether's recovery faces resistance

Golden Finance reports that Glassnode's latest data shows that first-time buyers and momentum buyers in the Bitcoin market continue to maintain strong participation, while profit-takers' activity remains at a moderate level. This supply-demand structure supports the sustainability of the recent Bitcoin rebound. At the same time, Ethereum has seen a significant increase in the first batch of buyers since February, with momentum buyer activity also rising in the past week. However, profit-takers have also become more active, which explains why the recent rebound in Ethereum's price has stagnated. Market analysts point out that although large whale wallets are actively hoarding cryptocurrencies, overall market demand has cooled, new ETF inflows have leveled off, and the inflow of stablecoins has not reached the levels seen during previous surges, suggesting that new capital is adopting a cautious attitude or is in a wait-and-see state.