An increase of "accumulator" Bitcoin wallets and soaring money inflows indicate that the price of bitcoin is headed for $130,900.
On Thursday, Bitcoin BTC $113,800 rose from $118,583 due to a notable increase in demand from accumulation addresses.
These addresses combined held 248,000 BTC on Wednesday, setting a new annual accumulation activity high, according to statistics from CryptoQuant.
From 148,000 BTC on June 22, the 30-day demand for these addresses has increased by 71%.