10x Research: Miners may sell $5 billion of BTC after Bitcoin halving, and altcoins may be under pressure

According to BlockBeats, on April 12, cryptocurrency research institution 10x Research published an analysis article stating that miners may sell $5 billion worth of BTC after the upcoming Bitcoin halving (April 20). In the past few months, miners have continued to accumulate BTC inventory, which has led to an imbalance between supply and demand and has driven up Bitcoin prices. As it was written two months ago, Bitcoin tends to rebound +32% into the halving. But after the halving, miners' move to sell $5 billion of BTC may disrupt the market for the next 4-6 months. Just as Bitcoin prices tended to go sideways after several previous halvings, this selling pressure may also lead to a similar market reaction. It is worth noting that during the downturn in Bitcoin's trend, the altcoin market may be the first to bear the brunt and face greater downside risks.