Bitcoin ETFs surpass $2.1b weekly inflows, whale accumulation mirrors 2020 rally

Bitcoin ETFs see unprecedented inflows of over $2.1 billion per week, highlighting a surge in investor interest. This increase in inflows is reminiscent of the lead-up to the 2020 Bitcoin rally, as whales are accumulating Bitcoin at a rapid pace. In the past week, inflows into Bitcoin ETFs reached $2.13 billion, marking the first time weekly inflows surpassed $2 billion since March 2024. Total net inflows across Bitcoin ETFs have now reached a record $20.94 billion, a milestone that took gold ETFs years to achieve. Notably, the whale accumulation of Bitcoin mirrors patterns observed during the 2020 rally, suggesting that they may be preparing for another long-term price surge. This influx of institutional and retail investors into Bitcoin products signals strong demand and could potentially drive the cryptocurrency to new all-time highs. Additionally, expectations are rising for Bitcoin’s price as the upcoming U.S. presidential elections approach, with some analysts predicting a surge to six figures. At present, Bitcoin is trading at $68,280, reflecting an 8.5% increase over the past week.