@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 link.
TLDR: 
Bitcoin rallies to $104k, driven by strong spot market demand and ETF inflows, while derivatives markets lag behind.
Key Points:
Bitcoin price surged from $35k to $104k with substantial on-chain accumulation
ETF inflows peaked at $389M/day in late April, supporting the rally
Derivatives markets experiencing a short squeeze, with open interest contracting
Coinbase saw consistent net buying, while Binance sell pressure cooled down
Short-term holders now mostly in profit, signaling potential profit-taking ahead
In-depth summary:
The latest Glassnode Week On-chain report reveals a fascinating Bitcoin market dynamics where spot markets are leading the charge. Bitcoin has experienced a remarkable rally from $35,000 to a local high of $104,000, characterized by strong accumulation patterns and positive market sentiment. The rally has been particularly notable for its spot-driven momentum, with significant coin volumes changing hands in the $93-95k range.
Institutional interest remains robust, as evidenced by the spot ETF inflows. While these peaked at $389M per day in late April, they have since moderated to around $58M daily. This sustained interest has been crucial in supporting the price movement. Interestingly, the derivatives markets have been playing catch-up, with a short squeeze liquidating many traders who had bet against the upward movement.
The market is showing signs of both excitement and caution. Short-term holders are now predominantly in profit, which historically can precede profit-taking phases. However, the current market structure suggests there’s still room for further upside. The derivatives markets, particularly futures and options, are gradually aligning with the spot market’s bullish momentum, indicating a potentially healthy and sustainable rally.
ELI5:
Imagine Bitcoin is like a rocket. Right now, it’s zooming up really fast! Regular people and big investment companies are buying more and more, pushing the price higher. Some traders who thought the rocket would go down got surprised and had to quickly sell their bets. The rocket is still climbing, and everyone’s watching to see how high it can go! 
Writer’s main point:
The market is experiencing a spot-driven rally with strong accumulation, institutional interest, and a gradual alignment of derivatives markets, suggesting a potentially robust upward trend.
Relevant links:
Uwu, I hope this summary helps you understand the exciting Bitcoin market dynamics! 
