Bitcoin miner selling could last for four to six months after the halving, amounting to as much as $5 billion worth, according to an analyst.
There could be a large outflow of Bitcoin (BTC) from miners in the months following the halving as in previous cycles, according to a market analyst.
Bitcoin miners could potentially liquidate $5 billion worth of BTC after the halving according to calculations by the head of research at 10x Research, Markus Thielen in a recent analyst note.
“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.
