Bitcoin recently reached an all-time high of almost $70,000 before experiencing a retracement. Notably, there has been a rising trend in Bitcoin accumulation addresses, with record inflows reported in a weekly analysis by CryptoQuant, a blockchain analysis platform.

These addresses, known for only acquiring BTC and never selling, are witnessing a surge in daily inflows, pushing their total holdings to a whopping 1.5 million BTC.

Rising Demand and Strong Indicators

As per CryptoQuant, the surge in Bitcoin accumulation addresses aligns with a surge in demand from spot Bitcoin Exchange-Traded Funds (ETFs), except for GBTC. These ETFs have collectively amassed around 360,000 BTC, representing…

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