According to BlockBeats, on May 13, the market value of Bitcoin exceeded $2 trillion for the first time since January 31, and the price stood above the $100,000 mark. Glassnode on-chain analysis showed that the first-time buyer RSI index remained at 100 for a week, indicating that retail investors have a strong FOMO sentiment.
Trend Trader Buyers RSI is only 11, and profit-taking selling pressure is gradually increasing. Analysts said that the US inflation data to be released on Tuesday night may be a catalyst for breaking through the previous high.
