Bitcoin has been on a tear lately. Prices jumped past $123,000 this week. Now, new figures show that fresh money is flowing into the market again. That\u2019s a sharp change after months of muted retail interest.<\/p>\n
According to on\u2011chain data from Glassnode<\/a>, first\u2011time buyers picked up an extra 140,000\u202fBTC over the past two weeks. Their holdings climbed from 4.77\u202fmillion to nearly 5 \u202fmillion BTC\u2014a 2.86% rise.<\/p>\n That influx of fresh coins helped push Bitcoin past its latest high. It also shows that new investors are gaining confidence in the world\u2019s biggest cryptocurrency.<\/a><\/p>\n Over the past two weeks, the supply held by first-time $BTC<\/a> buyers rose by +2.86%, climbing from 4.77M to 4.91M #BTC<\/a>. Fresh capital continues to enter the market, supporting the latest price breakout. pic.twitter.com\/W95HSAMaHI<\/a><\/p>\n \u2014 glassnode (@glassnode) July 17, 2025<\/a><\/p>\n\n Newer players aren\u2019t the only ones getting active. Based on reports, entities that bought Bitcoin within the last six months now sit on a cost basis above $100,000 for the first time.<\/p>\n They\u2019ve held on through price swings and have not yet sold at a loss. That suggests many expect the rally to continue. At the same time, holding on tight could create pressure if prices dip below their average buy\u2011in point.<\/p>\n Dip Buyers Act Fast<\/p>\n Glassnode\u2019s cost\u2011basis heatmap revealed that buyers moved quickly when Bitcoin dipped below $116,000 earlier this week. About 196,600\u202fBTC changed hands between $116,000 and $118,000.<\/p>\n That buying spree added over $23\u202f million in value near what looks like a local top. It\u2019s a sign of strong resolve from those backing the market at lower levels.<\/p>\n Altcoin Chat Outpaces Bitcoin Searches<\/p>\n While whales and newer buyers are busy, the crowd on Google<\/a> seems less thrilled. Search activity for \u201cBitcoin\u201d ticked up modestly in the last fortnight, but it\u2019s well below the highs seen when BTC first broke $100,000 this year.<\/p>\n At the same time, data from Santiment indicate chatter has shifted toward altcoins. With Ethereum grabbing the spotlight, many retail investors appear more excited by tokens promising bigger short\u2011term moves.<\/p>\n Retail Interest Remains Muted<\/p>\nShort\u2011Term Holders Hit A New Cost Base<\/h2>\n