Analysis: BTC whale inflows increased, driving price surge

CryptoQuant contributor IT Tech analyzed on X, citing data from IntoTheBlock, that in September, Bitcoin's price rose from $56,360 on Sept. 2 to $63,770 by Sept. 23. The whale netflow ratio increased from 0.01% on Sept. 9 to 0.69% on Sept. 23, suggesting significant whale accumulation, which likely contributed to the price surge during this period.