According to insights from the latest Bitfinex Alpha Report, the dynamics of the Bitcoin Blockchain have exhibited positive trends following the halving event.
Ednews, citing odatv, reports that despite Bitcoin's stock market performance reaching its highest level since January 2023, there's an active selling trend among long-term investors.
Bitfinex's 101st Alpha Report highlights miners' efforts to devise new strategies amidst declining block rewards. Moreover, it emphasizes a decrease in the amount of BTC sent to exchanges, suggesting that stakeholders who previously secured their assets for sale or infrastructure development are taking action well in advance.
This strategy aims to mitigate potential selling pressure during the halving over an extended period, thereby averting market shocks. Post-halving, daily cryptocurrency supply is expected to decrease by $30-40 million compared to the average net inflow of $150 million per day from spot Bitcoin ETFs, potentially leading to a critical crisis.
While this reduction is viewed positively within Bitcoin's long-term uptrend, analysts at Bitfinex highlight rising geopolitical risks as a short-term concern. Additionally, they anticipate a decline in large purchases following the approval of cryptocurrency ETFs in January.