Bitcoin is once again capturing investor attention after a sharp dip below $110,000, raising concerns about its near-term recovery. The crypto king has bounced back quickly, climbing above $111,800 within a day, as growing signs of investor conviction suggest that support may fuel the next rally. Bitcoin Investors Move To Accumulate Exchange data reveals that Bitcoin has witnessed its strongest accumulation phase in more than eight months. The exchange net position change highlights that in the past week, 70,956 BTC worth nearly $8 billion has been withdrawn, indicating large-scale investor confidence in buying at discounted levels
source: https://beincrypto.com/billion-bitcoin-accumulation-could-drive-price-up/