Understand more about miners' Bitcoin Balance and the stages they sell.
- In the halving fomo section -> Miner will choose the price point to exit some goods to get money and order machines for later delivery (delivery after halving) -> at this point the exit action is a bit blurred but still happens.
- Close to halving -> Because the halving event is an unfavorable event for miners, the trend of exiting goods is even more obvious, they exit because they tend to need money in the future -> at this time the exit action is almost present. .
- After halving -> Bitcoin price will usually decrease in the short term because many miners are forced to change new machines so they need money. If they have not sold BTC at that time, then after halving they are forced to sell if they do not want to pay. mining mine. -> now the exit action is required.
- After the halving and going through the rainy and dry seasons -> Bitcoin price will usually increase because the move of miners to sell to invest in new machines has ended, any mining group that goes bankrupt is already gone, any mining group that upgrades raised it. -> At this time there is no exit action, there is only a sell action to pay electricity bills, the rest will be held by most miners.
đMiner's reserves must always include current reserves + daily inflation. After the halving, if the price of Bitcoin falls, miners sometimes have to sell all the BTC they mine every day, or even sell a deficit of the BTC they have stored in their wallets to pay for electricity and upgrade their mining machines.
