- Recent data suggested that there’s been a large BTC uptake among new investors entering the market.
- The adoption of BTC is likely driven by U.S. investors, who are now slowing down on buying.
The past few days have been rough for Bitcoin’s[BTC] as sellers continue dominating the market. At the time of writing, in the last 24 hours alone, it declined by 1.45%, trading at around $96,800.
While new investors in BTC have been a primary driver of the asset’s recent upward trend, AMBCrypto noticed a decline in buying activity from this group. However, the overall market sentiment remained bullish.
Influx of new investors keeps BTC high
Since the start of 2025, there’s been a surge in new investors purchasing BTC, contributing to the market’s bullish sentiment. This was determined through the Ratio of New and Old Bitcoin Supply on CryptoQuant.
This ratio measures the amount of BTC purchased between one week and six months compared to those purchased six to twelve months ago.
Source: CryptoQuant
When the ratio on the chart surges, with the purple cloud crossing above the dotted line, it indicates more new investors are purchasing the asset. This often corresponds with a price rally.
If the purple cloud stays above this line, it suggests BTC’s price could remain in bullish territory and may continue to rise.
Primary drivers, U.S. investors, are cooling
According to analysis, the uptake in BTC among new market participants was likely driven by U.S. investors.
The Coinbase Premium Index showed high buying activity among this cohort. At the time of writing, this metric has been dropping, albeit remaining in the positive region.
That’s still bullish, indicating buying activity has simply slowed, with the metric dropping from 0.129 to 0.010.
Source: CryptoQuant
This decline corresponded with a slight reduction in transactions conducted over the past 24 hours, which fell to 21,140.
Closer insights show these transactions amounted to 606,570 BTC traded, worth $59.1 billion.
When there’s a slight price decline despite such a high trading volume, it shows that the buying volume is close to the selling volume. This implies the market still holds bullish potential despite current sell-offs.
Potential bounce on the horizon
The Funding Rate, which measures the cohort in control of the market, suggests a possible bounce back for BTC.
At the time of writing, the aggregate Funding Rate of BTC across several exchanges had turned positive—a strong indication that the asset could see a major rally soon, as more long contracts are paying to maintain its price.
Source: CryptoQuant
– Read Bitcoin (BTC) Price Prediction 2025-26
Recent analysis on CryptoQuant suggests it’s important to watch Binance funding, which is currently negative.
According to the analysis, BTC tends to see a major bounce back following a negative Funding Rate. If this scenario unfolds, it could influence BTC to rally above $100K again.
