<ul><li>Glassnode explains how Bitcoin investor behavior influences price trend reversals and continuations.</li><li>The Supply by Investor Behavior indicator categorizes investors into Conviction Buyers, First Buyers, Momentum Buyers, Loss Sellers, and Profit Takers.</li><li>Conviction Buyers buy despite price declines and stabilize pullbacks, while First Buyers play a crucial role in sparking rallies.</li><li>Recent data suggests that new capital inflows from First Buyers have contributed to Bitcoin's rally to a new all-time high of around $109,800.</li></ul>

How Does Bitcoin Investor Behavior Shape Trends? Glassnode Reveals

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