Is FOMO back? Bitcoin first timers buy 140K BTC in 2 weeks
2025-07-17 10:48:24
Main Idea
New Bitcoin market entrants have accumulated 140,000 BTC in July, signaling a return of FOMO (fear of missing out) as fresh capital enters the market, despite historically low retail hype.
Key Points
1. New Bitcoin buyers increased their BTC exposure by 2.86% in July, raising holdings from 4.77M to 4.91M BTC.
2. Buyers aggressively purchased Bitcoin during price dips below $116,000, adding $23B in value near the local top.
3. Google Trends data shows a modest uptick in Bitcoin searches but remains historically low compared to the past five years.
4. Short-term holders, particularly those buying Bitcoin for the first time above $100,000, contributed to the recent price surge.
5. Social media activity indicates a shift in retail FOMO from Bitcoin to Ethereum, with increased discussions around Ethereum's price.
Description
Bitcoin first-timers have upped their BTC exposure by more than 2% in July, but mainstream interest worldwide is still barely perceptible, data reveals.
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