Cryptocurrency analyst says he doesn’t expect significant selling from miners following Bitcoin (BTC) halving.
An on-chain analysis platform CryptoQuant analyst discussed the possible aftermath of Bitcoin halving. Contrary to popular belief, he pointed out that miners “are already prepared” and “serious selling pressure” is not expected from that side after the halving.
Especially with indications that miners’ sales have been increasing in the fourth quarter of 2023, he emphasized that these sales peaked on January 11th with the approval of the spot Bitcoin ETF.
Bitcoin miners had sold a significant portion of their Bitcoins after the approval and purchased spot Bitcoin ETF:
“Considering the large stock in the ETF and the pre-preparedness for the halving, I don’t think a sudden miner sell-off is likely to happen.”
