Bitcoin holdings by new addresses, known as First Buyers (FB), have increased to 3.719 million BTC as of May 13, according to analyst Murphy. This marks a rise of 40,000 BTC since May 1, indicating fresh liquidity entering the market and a recovery in investor risk appetite. The current holdings level is comparable to September 21, 2022. Analysts suggest that if new buyer holdings surpass 4 million BTC, the market structure will strengthen, reducing the likelihood of significant declines or breaches of previous lows.