According to BlockBeats, on May 13, Bitcoin's market capitalization surpassed $2 trillion for the first time since January 31, with the price crossing the $100,000 mark. Glassnode on-chain analysis shows that the first-time buyer RSI index has maintained at 100 for a week, indicating strong retail FOMO sentiment.
Trend traders buy, RSI only 11, selling pressure gradually increases. Analysts indicate that the U.S. inflation data to be released on Tuesday evening may serve as a catalyst for breaking previous highs.
