Glassnode: Data shows that the recent Bitcoin breakthrough of $100,000 was driven by spot market buying pressure

BlockBeats News, May 14th, Glassnode data shows that the 7-day moving average (SMA) of Bitcoin's on-chain transaction volume has turned positive, reaching a local high near $5 billion yesterday. This kind of positive net buying pressure has only occurred a few times this year, confirming that the breakout above $100,000 is backed by real buying pressure in the spot market.