10x Research: Bitcoin miners may sell $5 billion worth of BTC after the halving

ChainCatcher news, 10x Research posted on the X platform stating that Bitcoin miners may sell off $5 billion worth of BTC after the halving, mainly due to the following three factors:

1. As Bitcoin miners prepare to sell off their BTC inventory in large quantities, the cryptocurrency market may face significant challenges during the six-month "summer" lull, as this inventory has been painstakingly built up over the past few months, potentially disrupting market dynamics;

2. This is a typical scenario before the Bitcoin halving (April 20), where miners tend to hoard Bitcoin, leading to an imbalance in supply and demand, causing Bitcoin prices to rebound, with altcoins likely taking the brunt of it;

3. According to calculations, miners may liquidate $5 billion worth of BTC after the halving. This surplus from the sell-off could last for four to six months, which also explains why Bitcoin may experience sideways movement in the coming months, just as it did after previous halvings.