Bitcoin Halving Triggers Crypto Inventory Drop and Price Crash Warnings

Bitcoin miners are depleting their coin stashes, possibly to ensure the sustainability of operations in the face of the impending halving of per-block rewards from April 20. The number of bitcoin held by miners has declined to 1.794 million BTC, the lowest since early 2021, as they sell into the rising market to fund equipment upgrades and ensure long-term operational resilience. The rise in hashrate suggests that miners are preparing for the reduced rewards rate, reflecting a strategic shift in their approach compared to the previous halving cycle.