Coinspeaker
BTC Miners Prepare for $5B Dump after Bitcoin Halving 2024
With just five days left ahead for the fourth Bitcoin halving, BTC miners could be preparing for a major dump going ahead. In a recent research note, Markus Thielen, the head of research at 10x Research, stated that Bitcoin miners could potentially sell off a staggering $5 billion worth of Bitcoin after the halving event 2024.
“The overhang from this selling could last four to six months, explaining why Bitcoin might go sideways for the next few months – as it has done following past halvings,” he added. Historically, the Bitcoin prices have remained range-bound for months together following the halving event.
Thielen believes that a similar situation could pan out ahead with the crypto markets potentially facing “a significant challenge in a six-month ‘summer’ lull”. Thus, with the Bitcoin halving 2024 scheduled on April 20, we may not see any upward potential trajectory in the BTC price
We współpracy z: https://www.coinspeaker.com/btc-miners-5b-dump-bitcoin-halving-2024/
