Glassnode flags strong first-buyer activity and FOMO in April Bitcoin market

On-chain analytics firm Glassnode reported on X that its latest data shows increased activity from first-time Bitcoin buyers in April, with the relative strength index (RSI) staying above 50 throughout the month. The RSI peaked at 100 last week and remains elevated at 80, indicating growing fear of missing out and continued inflow of new capital despite higher prices.