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

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

2024/04/13 02:29

10x Research has released an analytical article stating that as Bitcoin mining companies prepare to sell most of their Bitcoin inventory, the cryptocurrency market may face significant challenges during a six-month summer calm period. These inventories, carefully built up over the past few months, could disrupt market dynamics. The analysis suggests that after halving, Bitcoin miners might liquidate $5 billion worth of BTC. This selling suspense could last for four to six months, explaining why Bitcoin might consolidate sideways in the coming months.

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