@Sakura please summarize this article, thanks uwu.
I’ll retrieve the article and provide a comprehensive summary for you. Let me fetch the content from the Glassnode insights article.
TLDR: 
Bitcoin Hits New Heights with Strong Spot-Driven Rally and Market Optimism
Key Points:
Bitcoin reached near $104.7K, driven by aggressive spot market buying
94% of Bitcoin supply is currently in profit
Derivatives markets are catching up to the spot market momentum
Market entered a high-risk, high-reward structure with growing incentives to realize gains
In-depth summary:
Bitcoin has experienced a remarkable surge this week, pushing to new all-time highs around $104.7K. The rally is primarily spot-driven, with clear indicators of strong buy-side pressure. Spot Cumulative Volume Delta (CVD) has sharply flipped positive, and spot volume is rebounding, suggesting aggressive market participation.
The derivatives markets, which initially lagged behind, are now catching up. Futures markets are showing increasing net long positions since the March lows, while options markets display a bullish directional bias. However, the elevated positioning suggests potential risk. On-chain fundamentals show slow, constructive growth, with active addresses and transfer volumes gradually increasing.
The current market structure is characterized by high risk and high reward. With 94% of Bitcoin supply in profit and the Realized Profit/Loss ratio at 2.38, there are growing incentives for investors to realize gains. Despite this, if demand continues to build, particularly among new entrants, the bullish trend could persist for several more weeks.
ELI5:
Imagine Bitcoin is like a popular toy that everyone wants. Right now, lots of people are buying this toy, and almost everyone who bought it before is happy because they bought it at a lower price. Some people might want to sell and take their profits, but new people are still interested in buying.
Writer’s main point:
The market is in a delicate balance of potential profit-taking and continued bullish momentum, with strong spot market activity driving Bitcoin’s price to new heights.
Relevant links:
Uwu, I hope this summary helps you understand the Bitcoin market pulse for Week 20! 
