Cue begins the new week with a fight to recover. The past weekend with intense geopolitical events pushed the anticipation of the upcoming halving into the background. With only four days left after this weekend's slaughterhouse, traders' attention remains focused on price rather than the biggest online event, which has essentially been counting down for months.

Miners are at the forefront of change: their income will change in an instant as the number of new BTC in each mined block will drop by 50%. According to research, miners are increasing selling pressure due to this event.

However, the latest data from analytics company Glassnode shows that BTC balances in the wallets of established miners have remained virtually unchanged since late March. After the halving, revenues are predicted to fall and large companies will be forced to compensate for expenses by selling coins that are currently on their balance sheet until the cost of Bitcoin increases and mining becomes profitable again. Miners will also need funds to replace outdated equipment with more efficient ones. Now the old ASICs are being finalized for the last few days. There will be a smooth drain of coins.

As I wrote earlier, I don’t think that there will be a sharp increase in price after the halving.

Although the adoption of spot ETFs in Hong Kong may change the picture.

“More ETFs, easier for China to access through Hong Kong,” tweeted popular commentator WhalePanda. “Very bullish.”

Operators such as China Asset Management, Harvest Global Investments and Bosera Asset Management will reportedly launch crypto-currency products traded at spot prices. This comes as US ETFs face a general slowdown in inflows after a meteoric rise in March that saw the price of BTC soar to all-time highs.

In the end, I think that there will be an option to rise to ATN and go sideways with a slight gradual increase.

I repeat that this is only my opinion and is in no way investment advice.