10x Research: Bitcoin miners may sell BTC worth 5 billion USD after halving

10x Research posted on the X platform that Bitcoin miners might sell $5 billion worth of BTC after halving, mainly due to the following three factors: 1. As Bitcoin miners prepare to massively sell their BTC inventory, the cryptocurrency market may face significant challenges during a six-month "summer" lull period. These inventories have been painstakingly built up over the past few months and could disrupt market dynamics; 2. This is a typical situation before Bitcoin halves (April 20), where miners hoard Bitcoins, leading to supply-demand imbalance and subsequent rebound in Bitcoin prices. In this case, altcoins might be hit first; 3. According to calculations, miners may liquidate $5 billion worth of BTC after halving. The oversupply caused by this selling off could last four to six months, which also explains why Bitcoin might fluctuate sideways in the coming months just like it did after previous halvings.