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Analysis: Buyer activity for first-time Bitcoin purchases in April is strong, and market FOMO sentiment is still on the rise.
PANews, April 23 - On-chain analysis company Glassnode published an analysis on platform X stating that its Bitcoin supply chart shows strong seller activity from first-time Bitcoin buyers in April: the relative strength index (RSI) has remained above 50 throughout the month and reached 100 last week, still maintaining a high level of 80 today. This indicates that even as prices rise, the fear of missing out (FOMO) sentiment in the market continues to rise, with new funds flowing in.