Will the Bitcoin halving cause miners to sell off Bitcoin on a large scale? This question is indeed of interest.
Bitcoin miners' income mainly comes from two parts: transaction fees and rewards for mining new blocks.
In the past, the rewards for mining new blocks accounted for the majority of miners' income because transaction fees were relatively low at that time.
But now, as transaction fees account for a larger proportion of miners' income, it becomes more and more important to develop a good mining strategy.
The halving event has a particularly large impact on miners' income, so miners' reactions are also worth paying attention to.
Some analysts believe that miners usually sell off a large number of Bitcoin every time Bitcoin is halved because their income may drop sharply.
But the selling pressure seems to have decreased recently, despite the upcoming halving event.
The reasons behind this phenomenon may be multifaceted.
It is possible that miners have recently sold the Bitcoin they wanted to sell, which can be confirmed by the sharp increase in the amount of cryptocurrency flowing out of mining pools to exchanges in February.
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