From Nasdaq:

Bitcoin miners are selling their holdings to raise capital for infrastructure expansions ahead of the halving event in April 2024. Bitfinex Alpha report shows a significant impact on market liquidity and pricing. Miner reserves dropped after ETF approval, reaching a six-year high of $1 billion outflow on Jan. 12. Miner outflow for the past week reached 3,500 Bitcoin, the highest since May 2023.
The upcoming halving will reduce profitability for miners, prompting the selling activity to fund necessary infrastructure upgrades. Central banks’ outlook to cut interest rates may lead to a weaker dollar, which could increase miner profits. Observers predict the next bullish trend when the dollar weakens again.
Analysts state that 61,000 Bitcoins have been exchanged over the past 30 days, possibly outpacing monthly issuance after the halving. Publicly listed mining companies like Marathon Digital, Riot Platforms, and Hut 8 Mining will reveal how they perform post-halving.
The upcoming Bitcoin halving presents the next significant event in the crypto industry. Market expectations are also on how publicly listed mining companies like Marathon Digital, Riot Platforms, and Hut 8 Mining will perform post-halving. After the Spot ETF approvals, Bitcoin Halving remains the next significant event in the crypto industry.



Read more: Bitcoin Halving Prompts Record Miner Selling: Bitfinex Report