Bitcoin, Steady demand continues without selling pressure

On-chain analytics firm Glassnode recently analyzed the Bitcoin market, stating that "first-time buyers and trend-following investors are continuously entering the market, and the activities of investors in a profit state are also maintaining stability." Glassnode diagnosed this as "the recent Bitcoin rally is being supported by demand without major selling pressure." Concerning Ethereum, it further stated, "The number of trend buying addresses has shown a noticeable increase since February over the past week" but added, "Ethereum is showing sideways movement in price as the market participation of investors looking to realize profits is active."