Bitcoin Miners Sell BTC Months After Halving, On-Chain Data Suggests

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Bitcoin Miners Sell BTC Months After Halving, On-Chain Data Suggests

Bitcoin’s third halving is less than a day away and the cryptocurrency community remains divided on whether the price will rise or drop after the event. Interestingly, on-chain data from previous halvings suggests that after the halving Bitcoin price may not see an immediate drop.

Google Trends data shows that searches for the halving have already surpassed previous all-time highs, and the crypto community has been issuing a variety of price estimates for the post halving price.

Some analysts have pointed to the Efficient Market Hypothesis to support their view that the halving is already priced in, meaning it’s a foreseeable event investors can take into account early. Even a prominent Bitcoin whale who’s known as Joe007 recently argued that the price of Bitcoin would crash after the halving.


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