First-time Bitcoin investors significantly increased their holdings this month, accumulating approximately 140,000 BTC—a 2.86% rise in supply held by newcomers. This expansion highlights accelerated market entry despite subdued retail enthusiasm, with institutional backing providing critical stability.
Aggressive dip-buying drove momentum when Bitcoin prices briefly fell below $118,000. Investors purchased nearly 196,600 BTC within the $116,000-$118,000 range, reflecting strong confidence at key support levels. This activity pushed the aggregate cost basis for short-term holders—those retaining BTC under six months—above $100,000 for the first time.
Despite Bitcoin’s sustained price milestones, retail participation showed muted interest. Google Trends data indicated persistently low search volumes, contrasting sharply with institutional engagement. Major institutions doubled down on positions around the $116,000 level, channeling substantial inflows into spot Bitcoin ETFs to bolster market resilience.