🔥2024 is seeing the second largest Bitcoin accumulation from institutional investors. This is reflected in the sharp increase in total balance and 7-day balance change of large shark wallets (holding between 1,000 and 10,000 BTC).
It is noteworthy that this accumulation took place during the period when the price of #Bitcoin was falling, showing that the "sharks" were applying a "buy when the price is low" strategy. This behavior by large investors is often seen as a positive sign, demonstrating confidence in Bitcoin's long-term growth potential.
Strong accumulation amid falling prices can be interpreted as institutions seeing this as an attractive investment opportunity, despite short-term price fluctuations.
