Bitcoin miners may sell $5 billion worth of BTC after halving.
There are three main reasons:
1. The cryptocurrency market may face challenges in the six-month "summer" lull as Bitcoin miners prepare to sell off their BTC inventory in large quantities. These inventories have been accumulated in the past few months and may disrupt market dynamics;
2. This is a typical situation before Bitcoin halving (April 20), when miners will hoard Bitcoin, causing 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 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 past halvings.
