In April 2024, halving will result in miners’ rewards dropping from 6.25 to 3.125 bitcoin. Before this event, Bitfinex analysts predict an increase in hash rate.
Capacity growth is expected from the end of 2023. In addition, analysts of the exchange paid attention to the transition of mining pools to the accumulation of cryptocurrency.
If in spring and summer they were predominantly selling bitcoins, then already in August the scale of sales decreased significantly. Bitfinex recorded a 62% drop in trading since the beginning of the year.