Glassnode's recent analysis, reported by PANews on August 9, indicates a notable rise in new ETH buyers and momentum traders, with existing holders re-participating by raising their cost basis.
According to PANews on August 9, Glassnode tweeted an analysis showing a significant increase in first-time ETH buyers and momentum traders. The report highlights that existing holders are re-entering the market by increasing their cost basis, underscoring evolving investor behavior in the ETH market.