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According to BlockBeats news on April 12th, as reported by CoinDesk, the recent price trend of Bitcoin Cash (BCH) may serve as a warning for the upcoming Bitcoin halving. BCH is considered a leading indicator for the Bitcoin blockchain reward halving. Since completing its halving on April 4th, its price has dropped 15% from its high point to $604. Meanwhile, the nominal position of BCH perpetual contracts has plummeted 70% in the past 7 days, indicating that long positions are being unwound. Analysis suggests that the trend of BCH indicates that Bitcoin may face selling pressure after its halving on April 20th. JPMorgan predicts that once the halving frenzy subsides, the price of BTC may fall to $42,000. Wintermute claims that BCH has been seen as a proxy trading target for Bitcoin halving. Markus Thielen, founder of 10X Research, said that according to his calculations, miners may sell $5 billion worth of BTC after the halving, and this selling pressure may last for 4 to 6 months, which explains why Bitcoin prices may consolidate in the coming months.