Bitcoin Miners Accumulate Again: Are New Highs Coming?

Takeaways from the conference:

• Bitcoin price speculation is fueled by the accumulation of BTC in corporate BTC and strong Bitcoin miners.

• BTC could not reach new heights due to the rising expectations of inflation among investors and the weakened consumer sentiment.

BitcoinBTC) climbed above $116,000 on Friday, fueled by a fresh S&P 500 all-time high and growing expectations of a more accommodative monetary stance from the United States Federal Reserve. The accumulation patterns of miners are indicating a similar signal to that which preceded the 48% rise in price for bitcoins back in 2023.

Data from GlassNode shows miners’ wallets added positions for the third straight week, with net inflows peaking at 573 BTC per day on Tuesday — the highest level since late October 2023. This strong accumulation in the last year was preceded by a surge of 48% early in December. Traders wondered if a similar run towards $150,000 would happen again.

BitcoinTreasuries.NET. BitcoinTreasuries.NET data Shows reserves of the 100 largest public companies surpassed 1 million BTC First time this September.

Bitcoin is being accumulated by both miners and companies despite concerns about growth.

Despite missing potential inclusion in the S&P 500 index, Michael Saylor’s Strategy disclosed an additional $220 million Bitcoin was purchased in an SEC filing made on Monday. Its market capitalization of $95 Billion places the company among the largest listed US firms, surpassing Moody’s Corp. General Dynamics and Dell Technologies.

US-listed Bitcoin spot ETFs have been added $1.3 billion in inflows Between Wednesday and Thursday the total asset under management reached $148 billion. iShares Bitcoin Trust remains at the top with $87.5 billion. Fidelity’s Wise origin Bitcoin Fund is second at $23billion, and Grayscale Bitcoin Trust comes in third at $200.6billion.

According to the World Gold Council, the gold market has a value of $24.7 trillion. data. Bitcoin ETFs reflect the industry, even if you exclude jewelry’s nearly 50% gold demand. deeper penetration The market capitalization of the company is $2.3 trillion, and it has only been launched in 2024.

Related: All roads lead to inflation–Fed cut or not, Bitcoin may stand to gain

Even though traders are pricing in 75%, Bitcoin’s rise to $140,000 remains far from certain. odds US interest rates will fall below 3.5% at the end of 2025. University of Michigan’s consumer sentiment study on Friday revealed that the confidence of consumers declined in September more than was expected, but long-term expectations of inflation rose to 3.9% because of concerns regarding tariff effects.

Bitcoin mining and company accumulation is a positive sign, although fears over a slowing economy could cause traders to take prudence in the weeks ahead.

The article does not provide legal advice or investment recommendations and it is intended for informational purposes only. These are solely the opinions, views and thoughts of the author and may not reflect the opinions and views of Cointelegraph.