According to BlockBeats, on May 13, Bitcoin's market capitalization surpassed $2 trillion for the first time since January 31, with the price standing above the $100,000 mark. 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 buy RSI only 11, profit selling pressure gradually rising. Analysts say that US inflation data to be released on Tuesday evening could become a catalyst for a breakthrough of previous highs.
