BlockBeats news, on May 13, according to CoinDesk, Bitcoin’s market capitalization has surpassed 2 trillion dollars for the first time since January 31, with the price standing above the 100,000 dollar mark. According to Glassnode’s on-chain analysis, the RSI index for first-time buyers has remained at 100 for a consecutive week, indicating strong FOMO sentiment among retail investors, while the RSI for trend traders is only 11, with profit-selling pressure gradually rising. Analysts state that the U.S. inflation data to be released on Tuesday evening may serve as a catalyst for breaking previous highs.
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Bitcoin's breakthrough has triggered a surge of new buyers, and on-chain data shows that market maker funds are becoming cautious.
BlockBeats news, on May 13, according to CoinDesk, Bitcoin’s market capitalization has surpassed 2 trillion dollars for the first time since January 31, with the price standing above the 100,000 dollar mark. According to Glassnode’s on-chain analysis, the RSI index for first-time buyers has remained at 100 for a consecutive week, indicating strong FOMO sentiment among retail investors, while the RSI for trend traders is only 11, with profit-selling pressure gradually rising. Analysts state that the U.S. inflation data to be released on Tuesday evening may serve as a catalyst for breaking previous highs.