The cryptocurrency community is abuzz with anticipation as the Bitcoin halving event, scheduled for April 2024 and under 60 days away, approaches. This significant event will see the reward for mining Bitcoin transactions cut in half, potentially leading to a lower supply of Bitcoin and possibly higher prices. In the lead-up to this event, Bitcoin investors have amassed 111,000 BTC over the last 30 days, marking the highest accumulation level since October 2023, reminiscent of the period before Bitcoin's substantial price jump from $25,000 to $40,000. Additionally, 'Whales' have accumulated 236,000 BTC in the same timeframe, while 'Super Whales' have distributed 50k BTC. The monthly issuance of Bitcoin is currently at 27,000 BTC, with expectations for the halving to slash this figure to 13,500 BTC, indicating that accumulation is outstripping issuance by a factor of four. The market has also seen a surge in UTXOs holding 1,000-10,000 BTC, suggesting increased interest from whales and institutions, possibly spurred by recent Bitcoin spot ETF approvals. Riot Platforms has warned investors about the challenges posed by the halving, noting there is no guarantee that an increase in Bitcoin’s price will compensate for the reduction in mining rewards. Grayscale has recorded its lowest outflow since the Bitcoin ETF approval, with just $44M, contrasting with a strong net inflow of $232M, indicating a potential bull run. JPMorgan has stated that the Bitcoin halving is already priced in, suggesting that the market may have already adjusted for the anticipated supply change.