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Glassnode: Data shows that this round of Bitcoin breaking $100,000 was driven by spot market buying.
On May 14, Glassnode data showed that the 7-day moving average of Bitcoin spot trading volume (SMA) 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 there is real buying support in the spot market behind the breakout towards 100,000 dollars.