TechFlow news, May 14 — According to Glassnode data, the 7-day moving average of Bitcoin spot trading volume delta has turned positive, reaching a local high of approximately $5 billion yesterday. This positive net buying demand has occurred only a few times this year, confirming that the breakout above $100,000 is supported by genuine confidence from the spot market. Analysis indicates that although ETF flows show short-term profit-taking, spot accumulation and large capital inflows continue to drive price gains. Market sentiment remains cautiously bullish with almost no retail FOMO, suggesting this rally has not yet entered an overbought zone.
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