Bitcoin (BTC) has experienced a notable surge, breaking $70k , driven by several key factors. Increased accumulation activity, with significant Bitcoin inflows to accumulation addresses, indicates a strong holding sentiment among investors, reducing sell-off pressure and supporting price stability. Additionally, recent Bitcoin halving, which reduced miner rewards, and the introduction of spot Bitcoin ETFs have further boosted demand, contributing to the price increase.
Despite some fluctuations, Bitcoin's long-term outlook remains bullish, with ETF inflows showing strong investment interest.
