NEAR - Supply Mapping Understanding the Drivers Behind Market Changes @ NEARProtocol Created a behavior based group: Firm buyer: an investor who still buys even when the price drops. They believe in long-term trends and use them to lower their cost base. Momentum buyer: Investors who buy in an uptrend typically increase their average cost base. First time purchase: A new starting point for buyers entering the market for the first time. Loss making seller: an investor who leaves the market at a loss. Profit taking investor: an investor who locks in profits. This time we use curve trend comparison, which may be more intuitive. The following chart shows the trend energy of various behavior groups since November last year. From the graph, it can be inferred that When momentum trend buyers become active, this may indicate the beginning of a new trend. You can see in the chart that the trend buyers started the activity @ NEARProtocol from November to December last year The price has also increased, and currently the trend of buyers is very low, and the price is also going very weakly. Firm buyers tend to stabilize after experiencing buying. There hasn't been much movement from the new buyer yet Perhaps we need to wait for something new. From the perspective of the major cycle, it still closely follows the trend market of BTC. Stay tuned. @NEARProtocol @KaitoAI