) from miners in the months following the halving as in previous cycles, according to a market analyst.according to calculations by the head of research at 10x Research, Markus Thielen in a recent analyst note.
Thielen said that the same could happen again with crypto markets potentially facing “a significant challenge in a six-month ‘summer’ lull.” This year, the halving will occur around April 20, just six days away, so markets may not see any significant upward trajectory until around October if history rhymes.Additionally, miners tend to stock up on BTC, “leading to a supply/demand imbalance and a subsequent rally in Bitcoin prices,” leading up to the halving, he said.with BTC prices surging 74% in 2024 to reach an all-time high of $73,734 on March 14 before correcting to below $63,000 in mid-April.
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Source: CoinDesk - 🏆 291. / 63 Read more »