On May 13, according to CoinDesk, Bitcoin's market value broke through $2 trillion for the first time since January 31, with the price rising above $10,000. According to glassnode's on-chain analysis, the first-time buyer RSI index has remained at 100 for a consecutive week, indicating strong retail FOMO sentiment, while the trend trader buyer RSI is only 11, with selling pressure gradually increasing. Analysts suggest that the US inflation data to be released Tuesday night may serve as a catalyst for breaking the previous high.
Bitcoin's breakthrough triggered an influx of new buyers, and on-chain data showed that major funds tended to be cautious
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