New investors contributed to reaching ATH for BTC

At the end of summer - beginning of autumn 2024, the cryptocurrency market was under the influence of sellers. This caused panic among investors, and many of them began to sell their coins.

However, during the same period, new investors started appearing in the market, who began buying bitcoins. They became prey for new traders who bought coins from holders.

In October, Glassnode recorded that capital began to be redistributed in favor of new investors. By early November, the profit of sellers for the year amounted to 27.3 billion dollars, and institutional investors became the main factor for achieving the historical maximum (ATH).