Cryptocurrency analyst Ali observes a massive influx of $19.7 billion into Bitcoin and Ethereum in a single day.

This pattern mirrors that of December 2020, which was followed by Bitcoin's all-time high of $65,000 in April 2021.

Ali suggests Bitcoin may reach new highs in the future, similar to the previous surge.

The surge to $65,000 was largely driven by Tesla's $1.5 billion Bitcoin purchase and acceptance of it for payment.

Tesla has since sold all Bitcoin holdings and reversed its decision to accept it due to environmental concerns.

Bitcoin's value has recently increased by 5.16%, reaching $40,865.