Bitcoin First-Time Buyers Increase Holdings Amid Low Mainstream Interest and Aggressive Dip Buying

Key Points

1. First-time Bitcoin buyers added approximately 140,000 BTC in July 2025, a 2.86% rise in supply held by newcomers.

2. Aggressive dip-buying occurred when BTC briefly fell below $118,000, with investors purchasing nearly 196,600 BTC in the $116,000-$118,000 range.

3. Short-term holders (those holding BTC for less than six months) now have an aggregate cost basis exceeding $100,000 for the first time.

4. Retail interest in Bitcoin remains low despite its price milestones, with Google Trends data showing muted enthusiasm.

5. Institutional backing, including inflows into Bitcoin ETFs, has provided stability, with institutions doubling down on BTC positions around the $116,000 level.