Bitcoin Breakout Triggers New Buyer Influx, On-chain Data Shows Mainstream Adoption Trend

BlockBeats News, May 13th. According to CoinDesk, the Bitcoin market cap surpassed $2 trillion for the first time since January 31st, with the price reaching $100,000. On-chain analysis by Glassnode shows that the first-time buyer RSI index has remained at 100 for a consecutive week, indicating strong retail FOMO sentiment, while the buyer RSI for trend traders is only 11, signaling a gradual increase in profit-taking selling pressure. Analysts suggest that the U.S. inflation data to be released on Tuesday night could serve as a catalyst for breaking through the previous high.