10x Research published an article on the X platform saying that miners may sell $5 billion worth of BTC after the halving, mainly due to the following three factors:
1. The cryptocurrency market may face challenges in the six-month "summer" cold period as miners prepare to sell off their BTC inventory in large quantities. These inventories have been accumulated in the past few months and may disrupt the market dynamics;
2. This is a typical situation before the Bitcoin halving (April 20). Miners will hoard Bitcoin, resulting in an imbalance between supply and demand, and Bitcoin prices will rebound. In this case, altcoins may bear the brunt;
3. According to calculations, miners may liquidate $5 billion worth of BTC after the halving. The surplus caused by this sell-off may last for four to six months, which also explains why Bitcoin may fluctuate sideways in the next few months, as it did after the past halvings.
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