On-chain data shows continued BTC demand, rising ETH buying activity

According to on-chain analytics firm Glassnode on X, Bitcoin continues to see strong engagement from First Buyers and Momentum Buyers, while Profit Taker activity remains moderate. This trend suggests steady demand without heavy selling pressure, supporting the resilience of the recent rally. Meanwhile, Ethereum has recorded its first significant increase in First Buyers since February, with Momentum Buyers also rising over the past week. However, an uptick in Profit Taker activity may explain the recent pause in ETH's price recovery.