Regarding what drives $BTC's rally, on-chain analytics platform Santiment highlighted in an X post that the coin’s sustained whale accumulation primarily fuels the price growth.

Bitcoin’s Price Surges Above $106,000, Setting a Historic High Against Gold

✨ Bitcoin reached an all-time high, with the $BTC-to-gold ratio peaking at 40 ounces per coin, signaling investor confidence.

✨ Analytics reveal that a 9.9% rise in wallets holding over 100 $BTC has significantly driven this price surge.

✨ $BTC faces resistance at $106,533 but may climb higher if whale accumulation persists; if profit-taking rises, it could dip to $94,344.

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