Bitcoin price reaches a new high after Trump wins the election. Coinbase Premium shifts from negative to positive, indicating strong buying pressure from American investors.

Although Trump is seen as the "crypto-friendly president," the price increase shouldn't be solely attributed to the "Trump effect." Some on-chain indicators show a positive trend.

UTXO Age Bands are an important indicator of Bitcoin price trends. Those holding for more than 6 months are redistributing Bitcoin to new investors.

History shows that inflows from new investors often push Bitcoin prices up. Currently, participation from new investors is rapidly increasing.

Almost all investors are in profit, which could trigger FOMO. If the Bitcoin price rises sharply, the percentage of profitable UTXOs could maintain 90-100%.

New investors need to be cautious of FOMO, avoiding over-investment and conducting thorough research before making decisions.