Bitcoin (BTC) price has rallied by 21% over the past 7 days, reaching $52,000 for the first time since December 2021. The price surge is mainly attributed to the growing inflow into spot Bitcoin exchange-traded funds (ETF) reaching a peak of $631.3 million on Feb. 13. Traders are speculating whether over-the-counter (OTC) desks have depleted their coin reserves, leading them to resort to spot buying on regular exchanges and creating an unbalanced situation favoring bullish momentum. #sanor016CommUNITY