According to BlockBeats, on May 13, Bitcoin's market capitalization surpassed $2 trillion for the first time since January 31, with the price exceeding $100,000. Glassnode's on-chain analysis shows that the first-time buyer RSI index has remained at 100 for a consecutive week, indicating strong FOMO sentiment among retail investors.
Trend traders are buyers with an RSI of only 11, and profit-taking pressure is gradually increasing. Analysts indicate that the U.S. inflation data to be released on Tuesday evening could serve as a catalyst for breaking previous highs.
