According to Deep Tide TechFlow, on May 14, Glassnode data showed that the 7-day moving average of Bitcoin's spot trading volume Delta turned positive, reaching a local high of about $5 billion yesterday. Analysts pointed out that despite ETF fund flows indicating short-term profit-taking, spot accumulation and large capital inflows are driving prices up. Market sentiment is cautiously bullish, with almost no retail FOMO phenomenon, indicating that this round of price increase has not yet entered the overbought zone.

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