According to Deep Tide TechFlow reports, on May 14th, Glassnode data showed that the 7-day moving average of Bitcoin's spot trading volume Delta turned positive, reaching a local high of approximately $5 billion yesterday. Analysts pointed out that although ETF fund flows indicate 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 territory.

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