Glassnode: Data shows that this round of Bitcoin breaking 100,000 dollars is driven by spot market buying.

BlockBeats News, May 14, Glassnode data shows that the 7-day moving average (SMA) of the incremental spot trading volume for Bitcoin has turned positive, reaching a local high of around 5 billion dollars yesterday. This positive net buying demand has only occurred a few times this year, confirming that the real buying support in the spot market is behind the breakout above 100,000 dollars.