Bitcoin Surges Past $100K: Why The Newcomers Are Throwing Rubles Like Confetti 🎉

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  • New buyers, eyes sparkling with hope and naivety, are pouncing on BTC like Moscow cats on leftover borscht.
  • Momentum buyers, meanwhile, are having an existential crisis, peering suspiciously at the ticker like professors at a government inspection.

In a spectacle that would make even Woland raise an eyebrow, Bitcoin has pirouetted from a modest $93,000 to a giddy $105,000 this week. The analysts, clutching their monocles and tea, are now crowded around crystal balls, pondering: who turned up the heat?

Some whisper that it’s Glassnode’s tale: an influx of greenhorns diving into the market as though it were vodka at a midnight wedding.

Glassnode claims their enchanted supply mapping has detected an unbroken fever of new demand. Bitcoin’s First-Time Buyers’ RSI has clung to 100 all week—surely, a number so round it’s worthy of hanging in a Kremlin corridor.

If numbers spoke, they’d murmur: the neophytes’ parade marches on. In just twenty days, $6 billion—yes, with a ‘b’—has waltzed into the market via freshly minted USDT. Old money might be wise, but new money knows how to party.

Typically, such enthusiastic herding hints at a “healthy bull phase,” (or, as Uncle Anton would put it, the prelude to an opera of flying paperwork and nervous creditors).

In the grand 30-day ledger, capital rotation has pirouetted from a measly $6 billion to a formidable $26 billion at the time of writing—enough to buy every samovar between Kyiv and Kamchatka.

Appetites grow swell: whales, retailers, institutions, and those mysterious “others” all paddling their oars into the Bitcoin river. Pass the salt, please.

Proof? Check the exchanges. Bitcoin is fleeing them quicker than bureaucrats from a surprise audit. Daily netflow is waltzing with a weekly-low partner—just 1.6k BTC, to be precise.

The implication? More buyers, fewer sellers. The only thing that could outnumber the buyers is the queue for the last loaf of bread.

Markets dominated by new buyers are bullish, they say. These trends snort, paw the ground, and may signal more charging ahead.

Can these brave souls hurl BTC even higher?

New buyers are waltzing in, drawn like moths to the king coin’s incandescent glow. Whales, wealthy merchants, and the grocer from across the street—everyone suddenly wants a piece of the digital pie.

For prices to climb Olympus, Bitcoin must lure new disciples. Yet, harmony is lacking: new buyers are embracing destiny, but momentum buyers are hiding behind the curtains, mumbling about risk and inflation.

The RSI for these fretful momentum types is a tragic 11—about as lively as last year’s potatoes. Their enthusiasm for short-term speculation is, let’s say, less than Dostoyevsky-an.

Tradition tells us: without momentum buyers, a rally is just an old horse trying to win at the Derby. If only the new buyers sing in the choir, the melody stalls, and the market pirouettes in place.

If nothing changes, BTC may hover between $100k and $105k—a purgatory reminiscent of Moscow traffic. But if momentum buyers catch the fever, the king coin may yet vault past $100k, leaving skeptics, accountants, and cats alike in the dust.

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2025-05-14 07:14