2024

Bitcoin

April

Billion

<p>The post <a href="https://coinpedia.org/news/10x-research-says-bitcoin-miners-to-dump-5-billion-worth-of-btc-altcoin-to-drop/">10x Research Says Bitcoin Miners To Dump $5 Billion Worth of BTC – Altcoin To Drop</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/">Bitcoin’s halving</a> event just around the corner, concerns are mounting over a potential flood of BTC supply hitting the market. Analysts at 10x Research <a href="https://mail.10xresearch.co/p/bitcoin-miners-sell-5bn-btc-post-halving-altcoin-graveyard">suggest that Bitcoin miners</a> could liquidate up to $5 billion worth of BTC in the months following the halving, signaling a period of increased selling pressure and market uncertainty.</p> 
<h2 class="wp-block-heading" id="h-btc-miners-to-dump-5-bln">BTC Miners To Dump $5 Bln</h2> 
<p>According to Markus Thielen, head of research at 10x Research, the post-halving sell-off could continue for four to six months, leading to a prolonged period of sideways movement for Bitcoin prices. He believes that miners could potentially liquidate up to $5 billion worth of BTC in the months following the halving.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Might Trade Sideways for 6 months As Miners Could Sell $5bn of BTC -&gt; Here is why: <a href="https://t.co/gLRgs8yyGg">https://t.co/gLRgs8yyGg</a> <a href="https://t.co/zBLdV95MAl">pic.twitter.com/zBLdV95MAl</a></p>— 10x Research (@10x_Research) <a href="https://twitter.com/10x_Research/status/1778963206691794964?ref_src=twsrc%5Etfw">April 13, 2024</a>
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<p>Meanwhile drawing parallels with the 2020 halving, suggesting that a similar scenario could unfold in the cryptocurrency markets. <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin prices</a> remained range-bound between $9,000 and $11,500 for five months following the 2020 halving.&nbsp;</p> 
<p>With this year’s halving scheduled for April 20, markets may experience a “summer lull,” delaying any significant upward trajectory until around October.</p> 
<h2 class="wp-block-heading" id="h-miner-s-profit-making-strategies">Miner’s Profit Making Strategies</h2> 
<p>Leading up to the halving, <a href="https://coinpedia.org/news/bitcoin-miners-could-face-bankruptcy-if-bitcoin-trade-below-80k-says-top-crypto-influencer/">miners often accumulate BTC</a>, creating a supply-demand imbalance that drives Bitcoin prices up. However, once the halving occurs, miners may begin selling off their inventory to avoid a revenue drop.&nbsp;</p> 
<p>Marathon, North America’s largest Bitcoin miner, is expected to follow this strategy, gradually offloading its inventory to remain profitable.&nbsp;</p> 
<p>Thielen estimates that Marathon’s daily BTC production of 28-30 BTC pre-halving could translate to 14-15 <a href="https://coinpedia.org/news/top-crypto-stocks-to-acquire-after-bitcoin-halving-in-april/">BTC post-halving</a>. If all miners adopt a similar approach, it could result in a significant daily influx of BTC into the market, potentially reversing the supply-demand dynamics that fueled the pre-halving rally.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/news/bitcoin-miners-could-face-bankruptcy-if-bitcoin-trade-below-80k-says-top-crypto-influencer/">Bitcoin Halving Countdown: Will Miners Survive the Profit Squeeze? Here’s the Truth</a></p> 
<h2 class="wp-block-heading" id="h-impact-on-the-altcoin-market">Impact On the Altcoin Market</h2> 
<p>The repercussions of this potential sell-off extend beyond Bitcoin, with altcoins likely to bear the brunt of the situation. <a href="https://coinpedia.org/news/crypto-market-analysis-bitcoin-price-bounce-back-what-can-we-expect-from-altcoins-this-week/">Altcoin prices</a> have already experienced significant declines in recent weeks, and Thielen’s analysis suggests that this trend may continue in the aftermath of the halving.&nbsp;</p> 
<p>Despite some <a href="https://coinpedia.org/news/altcoins-season-to-begin-soon-says-top-analyst-citing-previous-historical-pattern/">predictions of an altcoin rally</a> correlated with the halving, historical evidence indicates that any such rally may be delayed by several months.</p>

10x Research Says Bitcoin Miners To Dump $5 Billion Worth of BTC – Altcoin To Drop

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Ďalšie články zverejnené 15. 4. 2024

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