According to Golden Finance, 10x Research published an analysis article pointing out that the cryptocurrency market may face major challenges during the six-month summer calm period as Bitcoin mining companies prepare to sell most of their Bitcoin inventories. These inventories have been carefully built up in the past few months and may disrupt market dynamics.
The analysis points out that Bitcoin miners may liquidate $5 billion worth of BTC after the halving, and the suspense of this sell-off may last for four to six months, which explains why Bitcoin may consolidate in the coming months.
