What Awaits Bitcoin as the Halving Event Draws Near in Three Days?

Since the beginning of March, there has been a remarkable increase in the number of Bitcoins held by wallets ranging from 100 to 1,000 coins, accumulating a total of 43,489 coins, which is equivalent to around $2.75 billion. Similarly, wallets containing between 1,000 and 10,000 Bitcoins have witnessed a significant accumulation of 80,544 coins, valued at approximately $5.10 billion. Moreover, holders with even larger wallets, ranging from 10,000 to 100,000 Bitcoins, have managed to amass a total of 91,732 coins, amounting to approximately $5.80 billion. These substantial accumulations indicate a strategic move made by prominent investors to strengthen their positions in anticipation of the upcoming halving event.