Bitcoin Halving Aftermath: Miners’ Selling Strategy and Market Effects

According to Markus Thielen, research chief of 10x Research, the impact of Bitcoin mining and the halving event on the market indicates that miners may lean towards selling large amounts of Bitcoin after the halving. Thielen notes that this situation could keep Bitcoin prices at a stable level for the next few months. Halving Event and Market Fluctuations Similar to previous cycles, miners’ Bitcoin sales after the halving event could create pressure on the prices, resulting in a long period of stagnation. Thielen indicates that following a six-month stagnation, the crypto markets could recover. He also highlights that Bitcoin prices remained stable between $9,000 and $11,500 for five months after the 2020 halving event, and a similar scenario could be triggered by the 2024 halving event. Mining Strategies and Market Predictions Thielen reveals that Marathon, the world’s largest Bitcoin miner, has increased its inventory for selling after the halving, and […]

Bitcoin Halving Aftermath: Miners’ Selling Strategy and Market Effects

According to Markus Thielen, research chief of 10x Research, the impact of Bitcoin mining and the halving event on the market indicates that miners may lean towards selling large amounts of Bitcoin after the halving. Thielen notes that this situation could keep Bitcoin prices at a stable level for the next few months.

Halving Event and Market Fluctuations

Similar to previous cycles, miners’ Bitcoin sales after the halving event could create pressure on the prices, resulting in a long period of stagnation. Thielen indicates that following a six-month stagnation, the crypto markets could recover. He also highlights that Bitcoin prices remained stable between $9,000 and $11,500 for five months after the 2020 halving event, and a similar scenario could be triggered by the 2024 halving event.

Mining Strategies and Market Predictions

Thielen reveals that Marathon, the world’s largest Bitcoin miner, has increased its inventory for selling after the halving, and other miners may follow similar strategies. This could create significant Bitcoin supply in the market, exerting downward pressure on prices.

Informative Tips for Readers

Post-halving miners’ selling strategies may include:

Miners can create an excess supply in the market by selling a large amount of Bitcoin.
Bitcoin prices may experience a period of stagnation due to selling pressure.
The effects on altcoin markets after the halving can vary.
Large miners like Marathon can influence market prices by increasing their inventories before the halving.

In conclusion, as the halving event approaches, Bitcoin miners’ selling strategies and potential market movements are important topics to be closely monitored by investors and market observers. If previous cycles repeat, we may not see significant price movements in the months following the halving.

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