. The Bitcoin mining landscape is experiencing a significant shift ahead of the upcoming fourth halving event.
2. The halving will reduce the BTC supply subsidy per block from 6.25 BTC to 3.125 BTC.
3. Approximately 82 days remain until the halving, prompting Bitcoin miners to sell their reserves, as observed in CryptoQuant's analysis.
4. Analysis indicates a notable reduction in Bitcoin reserves held by miners, accompanied by a surge in BTC transfers to exchanges.
5. The current flow of Bitcoin from miners to exchanges is three times greater than the opposite direction, signaling increased selling pressure from the mining community.
6. CryptoQuant views miners selling their reserves as a strategic move, aligning with the historical trend of miners securing profits ahead of halving events to cover expenses and plan for future investments.
7. The upcoming fourth halving is scheduled for April in the current cycle and is expected to follow patterns observed in previous cycles.
8. Historical trends suggest that Bitcoin may experience a substantial surge post-halving, potentially extending until April-August 2025 and surpassing the previous peak of $69,000.
9. The analysis highlights a consistent pattern in Bitcoin's price behavior around each halving, featuring a gradual ascent about a year before the event, sustained growth for 12-16 months post-halving, and eventual new highs before entering a bearish phase.
10. The observations provide insights into the dynamics of Bitcoin mining and its potential impact on the cryptocurrency's price movements leading up to and following the halving event.
