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Cryptotrading007
> Are new BTC buyers really back? This on-chain chart is worth a close look.
> Glassnode tracks the share of BTC moved in the last 3 months vs. total Realized Cap. It measures cost-weighted recent activity, not headcount of new entrants.
> At past bull market ends, this ratio hit ∼85% in 2018 and >70% in 2021. But at the Oct 2025 peak, it was only 37% — and has kept declining, now near historical bear market bottom.
#SanDiskQ1StorageGrowth
