Bitcoin

<ul><li>After the upcoming Bitcoin halving, analysts expect as much as $5 billion worth of Bitcoin to be sold, potentially leading to notable market fluctuations.</li><li>Major mining company Marathon, along with others, is expected to gradually sell off its Bitcoin reserves after the halving to mitigate the impacts of reduced mining rewards.</li><li>Historical trends suggest a rally in Bitcoin and altcoin prices might commence approximately six months after the halving, following initial market stabilization.</li></ul>With the Bitcoin halving set to reduce mining rewards, analysts are expecting a major sell-off from the mining sector in the months following the major event. Markus Thielen, head of research at 10x Research, expects as much as $5 billion in value to be liquidated post-halving.In an April 13 <a href="https://mail.10xresearch.co/p/bitcoin-miners-sell-5bn-btc-post-halving-altcoin-graveyard" rel="noopener noreferrer nofollow">analyst note</a>, Thielen shared his calculations and theorized that the large outflow of Bitcoin from the miners could result in some “sideways” movement for Bitcoin. He based his speculations on past market cycles and expects this period to last “four to six months.”According to the analyst, it is common for miners to stock up on BTC, which in turn leads to a “supply/demand imbalance.” This often results in a “subsequent rally in Bitcoin prices” during the pre-halving period. As witnessed over the past month, this scenario has already transpired, with Bitcoin surging to an <a href="https://cryptotale.org/bitcoin-hits-new-ath-amid-analyst-predictions-of-bullish-trends-report/" rel="noopener noreferrer nofollow">all-time high</a> of $73,734 on March 14. Thielen did not limit this to just BTC, adding that altcoins could also be on the sharp end of the knife, adding<a href="https://cryptotale.org/bitcoin-miners-expected-to-unload-over-5-billion-following-halving/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Miners Expected to Unload Over $5 Billion Following Halving

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