.According to one market analyst, there could be a massive outflow of #Bitcoin  from miners in the months following the halving, as in previous cycles.

According to calculations made in an analyst note on April 13, Bitcoin miners could potentially sell $5 billion worth of BTC after the halving.

“The pressure from this sell-off could last four to six months, which explains why Bitcoin could trend sideways for the next few months, as it has after past halvings,”

Thielen said.

The analyst said the same situation could repeat with crypto markets facing "significant challenge in a six-month 'summer' recession."

The price of #Bitcoin hovered between $9,000 and $11,500 in the five months following the 2020 halving.

The next reward halving will take place in just six days, around April 20. Therefore, if history holds, markets may not see a significant upward trajectory until October.

He also said that miners tended to stockpile BTC, which led to the “supply/demand imbalance and a subsequent rally in Bitcoin prices,” leading to the halving.

This has already happened, with BTC prices rising 74 percent in 2024, reaching an all-time high of $73,734 on March 14, before falling below $63,000 in mid-April.

Thielen also believes that altcoins in particular may bear the brunt of this situation. Many of these coins have experienced significant declines over the past week, with many remaining far from their 2021 highs

Marathon Digital, which produces 28-30 Bitcoins per day, may reduce this figure to 14-15 after the halving.

The researcher concluded that if all miners followed a similar strategy to sell Bitcoin post-halving, “this could result in a maximum sale of $104 million of BTC per day, reversing the supply/demand imbalance that caused BTC to rise pre halving