Bitcoin miners are increasing their accumulation rates, echoing a pattern from 2023 that resulted in a substantial price rally. Recent data reveals that miners have added positions for three consecutive weeks, with peak inflows reaching 573 BTC per day, the highest since October 2023. This surge in accumulation has led to speculation that Bitcoin could reach prices upwards of $140,000, especially as Bitcoin recently climbed above $116,000, buoyed by positive trends in the S&P 500 and expectations of a lenient monetary policy from the Federal Reserve. Moreover, significant inflows into Bitcoin spot ETFs and continued buying by corporations like MicroStrategy and Metaplanet contribute to overall bullish sentiment. However, concerns about rising inflation and a decline in consumer confidence could hinder further price increases, leaving traders cautious despite the optimistic outlook rooted in miners' and institutions' habits.

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