Bitcoin Whales and Sharks Go on $18B Accumulation Spree Ahead of 2024 Halving and Spot ETF Launches

• Bitcoin whales (addresses with 1,000+ BTC) and sharks (addresses with 100-1,000 BTC) have accumulated over $18 billion in BTC over past 30 days

• Shark investors increased their holdings by 268,441 BTC in 30 days - the biggest net position change since 2012

• Accumulation likely driven by launch of US Spot Bitcoin ETFs and investors positioning ahead of 2024 halving

• Whale Alerts show large BTC transfers between whale addresses worth $1.3 billion in past 24 hours

• IntoTheBlock data shows $16.18 billion net outflow from exchanges over past 7 days as investors withdraw to hold BTC