@Sakura please summarize this article, thanks uwu.
I’ll help you summarize the article from the Glassnode Market Pulse for Week 29. I’ll use the web browser to retrieve the content.
TLDR: 
Bitcoin Breaks $120K with Surging Investor Confidence and Market Momentum
Key Points:
Bitcoin reaches new all-time high (ATH) with 46.6% surge in spot volume
Futures market shows aggressive long-side conviction
Nearly 99% of Bitcoin supply is in profit
High profit margins suggest potential correction risks
In-depth summary:
The latest Market Pulse report from Glassnode reveals an exciting shift in the cryptocurrency market. Bitcoin has broken out of its recent trading range, reaching a new all-time high and generating significant market enthusiasm. The surge is characterized by a substantial 46.6% increase in spot volume and a reversal in Cumulative Volume Delta (CVD), indicating strong investor participation and a move towards aggressive buying.
Both institutional and retail investors are showing renewed interest, as evidenced by increased transfer volumes and ETF flows. The futures market reflects this optimism, with open interest rising and funding rates spiking to $2.1M. The options market also shows interesting dynamics, with rising open interest and a negative skew suggesting growing demand for upside exposure.
However, the report cautions that the current market conditions come with potential risks. With nearly 99% of the Bitcoin supply in profit and rising realized profit-taking, there’s a heightened sense of euphoria that could precede a market correction. Long-term holders still maintain dominance, which provides some market stability, but investors are advised to remain vigilant.
ELI5:
Imagine Bitcoin is like a popular toy that everyone suddenly wants to buy. The price is going up, more people are buying it, and almost everyone who owns it is happy because they bought it at a lower price. But sometimes, when everyone is super excited, the toy might become too expensive, and some people might start selling to make a profit.
Writer’s main point:
The market is currently in a high-conviction, high-profit phase, supported by strong derivatives and spot market participation. While the breakout is backed by robust metrics, the elevated profit margins and positioning imbalances suggest the need for cautious optimism.
Relevant links:
Uwu, I hope this summary helps you understand the market pulse! 
