The post 10x Research Says Bitcoin Miners To Dump $5 Billion Worth of BTC – Altcoin To Drop appeared first on Coinpedia Fintech News
With Bitcoin’s halving event just around the corner, concerns are mounting over a potential flood of BTC supply hitting the market. Analysts at 10x Research suggest that Bitcoin miners 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.
BTC Miners To Dump $5 Bln
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.
#Bitcoin Might Trade Sideways for 6 months As Miners Could Sell $5bn of BTC -> Here is why: https://t.co/gLRgs8yyGg pic.twitter.com/zBLdV95MAl
— 10x Research (
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