Bitcoin miner selling could last for four to six months after the halving, amounting to as much as $5 billion worth, according to an analyst.
There could be a large outflow of Bitcoin (BTC) from miners in the months following the Bitcoin halving as in previous cycles, according to a market analyst.
Bitcoin miners could potentially liquidate $5 billion worth of BTC after the halving, according to calculations by the head of research at 10x Research, Markus Thielen, in an April 13 analyst note.
“The overhang from this selling could last four to six months, explaining why Bitcoin might go sideways for the next few months — as it has done following past halvings,” he added.
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Source: https://cointelegraph.com/news/bitcoin-miners-dump-5-billion-in-btc-after-halving-10x-research