Bitcoin on-chain data and whale activity point to accumulation in preparation for the next leg of the BTC rally.
shows that BTC has risen more than 0.55% over the last 24 hours to hit a weekly high at $71,582 on March 26.Several factors fuel BTC’s current price movement, including consistent spot Bitcoin ETF inflows, the upcomingLet’s look at the factors behind Bitcoin’s rally today.investors have been adding to their holdings in anticipation of price increases in the future.
Glassnode analyst Marcin Miłosierny wrote that the “supply dynamics of Bitcoin are increasingly influenced by the actions of long-term holders .”
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