Bitcoin Whales Accumulate 20K BTC, Fueling $70K BTC Rally

In the past week, Bitcoin (BTC) bulls have driven the BTC price up by 3.12%, reaching an all-time high of $73,750. This bullish sentiment is attributed to several factors, including the accumulation of Bitcoin addresses holding between 1k and 10k BTC. On-chain data from IntoTheBlock indicates these addresses have been the main accumulators, leading to $1.4 billion worth of BTC in their balances.