The capital shift after Bitcoin halving and the hidden concerns of miners selling off

With the rise of Bitcoin, its price fluctuations have attracted the attention of investors around the world. However, the recent news that Bitcoin funds have turned negative has attracted widespread attention, especially the selling behavior of miners, which has made the market full of uncertainty. After the halving event, many people began to question whether the price of Bitcoin will fall accordingly? This article will explore this issue in depth from multiple angles, analyze the impact of miners' selling, and possible market trends in the future.

The Bitcoin halving event occurs every four years, and it controls the supply of Bitcoin by reducing the rewards for miners. This mechanism was originally designed to prevent inflation and ensure the scarcity of Bitcoin. However, the halving also brings survival pressure to miners. For many miners who rely on Bitcoin mining for their livelihood, the reduction in rewards is bound to affect their income. Therefore, miners may choose to sell the Bitcoin they hold in order to cope with the rising operating costs and falling profits.

When analyzing the phenomenon of Bitcoin funds turning negative, we need to pay attention to the supply and demand relationship in the market. The rise in Bitcoin prices is usually accompanied by an increase in demand and a decrease in supply. After the halving, the miners' rewards are halved, and the supply of new Bitcoins in the market decreases, which should theoretically drive prices up. However, the actual situation is not so simple. When miners choose to sell due to reduced profits, the amount of Bitcoin circulating in the market may suddenly increase, resulting in oversupply and naturally suppressed prices.

Take the 2020 halving as an example. At that time, the price of Bitcoin rose rapidly in the months before the halving, attracting a lot of attention from investors. However, after the halving, the miner's reward dropped from 12.5 Bitcoin to 6.25 Bitcoin. Although the market demand for Bitcoin remained strong, miners began to sell due to cost pressure, causing Bitcoin prices to fluctuate in the short term and even fall back.

In addition, the concern about miners selling is not only about short-term price fluctuations, but also a blow to market confidence. As important participants in the Bitcoin network, miners' behavior is often seen as a barometer of the market. When miners choose to sell, retail investors and investors may panic, further exacerbating the downward pressure on the market. Therefore, miners' selling behavior can be seen as a reflection of market sentiment to some extent.

When discussing the market trend after the halving, we also need to take into account changes in the global economy. In recent years, the uncertainty of the global economy has increased, especially inflation and changes in monetary policy, which has caused many investors to turn their attention to digital assets such as Bitcoin. Bitcoin is regarded as "digital gold" and many people hope that it can provide a value storage function in economic turmoil. However, if the selling behavior of miners causes the price of Bitcoin to fall, then this confidence may be shaken, which will in turn affect the entire digital currency market.

In view of this phenomenon, investors should remain rational when investing in Bitcoin. It is very important to understand the volatility of the market and adjust their investment strategies in a timely manner. Especially after the halving, the selling behavior of miners may cause price instability in the short term. Investors need to make corresponding decisions based on the actual market situation.

In the long run, although the selling of miners may put pressure on short-term prices, the fundamentals of Bitcoin remain strong. As more and more companies and institutions begin to accept Bitcoin as a means of payment, its demand will continue to grow. In addition, with the continuous development of blockchain technology, the application scenarios of Bitcoin are also expanding, which provides support for its future value.

In this context, investors need to pay attention to the dynamics of the Bitcoin market, especially the behavior of miners and the supply and demand relationship in the market. Through in-depth analysis of the market, investors can better grasp Bitcoin investment opportunities and avoid potential risks.

In addition, the miners' selling behavior has also triggered a discussion about the sustainability of Bitcoin mining. As the price of Bitcoin fluctuates, the economics of mining are affected, and many small miners are facing survival pressure. This may lead to the centralization of the Bitcoin network, with a few large mining pools controlling most of the computing power, thus affecting the security and decentralization of the network. Therefore, how to ensure the sustainability of mining while maintaining network security has become an urgent problem to be solved in the industry.

When summarizing the current market situation after the Bitcoin halving, we can see that the miners' selling behavior has indeed had a significant impact on the market. However, as an emerging asset, the future of Bitcoin is still full of hope. With the maturity of the market and the advancement of technology, Bitcoin is likely to find a new balance point in future development and continue to attract investors' attention.

In this rapidly changing market, investors need to remain vigilant, pay attention to market changes, and adjust their investment strategies in a timely manner. The future of Bitcoin is full of uncertainty, but it also contains huge opportunities. Only by deeply analyzing market dynamics and grasping the pulse of the market can we be invincible in a volatile market.

In summary, the Bitcoin halving event is not just a simple economic phenomenon. It involves the survival of miners, the supply and demand relationship in the market, and changes in the global economy. Although the concern of miners selling makes the market full of uncertainty, in the long run, Bitcoin still has strong vitality. When facing market fluctuations, investors should remain rational, deeply analyze market dynamics, and seize every investment opportunity. No matter how the market changes in the future, the story of Bitcoin has just begun.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120bTC.coM): The fourth Bitcoin halving is currently expected to take place at around 9:00 am on April 20. However, with the Federal Reserve dampening expectations of a rate cut and tensions in the Middle East escalating, bearish voices have gradually emerged.
For example, at around 10 o'clock earlier, after news broke that Israel had launched a missile attack on Iran, BTC plummeted to $59,600, a drop of nearly 6.4% in four hours, and was temporarily reported at $61,758 at press time.
JPMorgan: Bitcoin will fall after halving
The market currently has different views on the trend of Bitcoin after halving. According to Coindesk, JPMorgan Chase (JP Morgan), one of the largest commercial banks in the United States,
Morgan Stanley predicted in a research report that BTC will show a downward trend after halving, because based on the analysis of open interest in Bitcoin futures contracts, they believe that BTC is still in the "overbought area."
Coincidentally, analysts at Deutsche Bank also expect that Bitcoin will not rise after the halving, but will remain high because the price of Bitcoin has already digested the positive expectations of the halving event in advance.
Bitcoin funding rate turns negative, hitting a six-month low. Will BTC continue to fall until June?
The data shows that the BTC funding rate turned significantly negative on April 15 and April 18, hitting its lowest level in more than six months, indicating a decline in investor bullish interest, while the Bitcoin price fell as much as 13.5% between April 12 and April 18.
Note: A negative funding rate means that there are more people shorting than long positions, and short positions have to pay funding rates to long positions, which is considered a highly bearish indicator.
Bitcoin Perpetual Futures 8-Hour Funding Rate
Some traders on X also analyzed that the downward trend of Bitcoin may continue until early June. "Yesterday's closing price of Bitcoin was below the 50-day moving average and fell below the low of March 20, confirming that it hit a mid-term high on March 14, and the low may appear around June 5."