In response to impending economic volatility, investors have strategically acquired 70,000 Bitcoin (CRYPTO:BTC) as a hedge against potential inflationary pressures.

This significant purchase follows a recent 1 million BTC sell-off, highlighting renewed confidence among long-term holders in Bitcoin's value proposition.

Amid concerns about fiat currency depreciation, on-chain data indicates a growing trend of Bitcoin accumulation, reflecting a belief in its enduring value, particularly as it stabilises above $60,000.

As the US inflation report approaches, with consumer prices rising, Bitcoin emerges as an attractive store of value, offering resistance to inflation with its capped supply and decentralised nature.