Next Bitcoin (Bitcoin) The halving is slowly approaching, with the event now about halfway through its current cycle.
Specifically, the halving is expected to occur in mid-April 2028, at a block height of 1,050,000. As of the time of writing, there are only 105,000 blocks left before the halving is 50% complete, as evidenced by the latest reports Bitcoin Archive the accounts.
Bitcoin halvings occur approximately every four years and are designed to halve the block reward. As a result, the rate at which new coins enter circulation decreases.
Currently, miners receive 3,125 Bitcoin per block. Once the halving is complete, the number will drop to approximately 1,562 BTC.
In practice, this would reduce daily Bitcoin issuance from around 450 BTC to around 225 BTC, tightening supply and reinforcing the asset’s “digital gold” narrative.
Bitcoin halving effects
Previous halvings in 2012, 2016, 2020, and 2024 were preceded by major upturns, as declining supply met sustained or increasing demand.
However, past success is never a sure sign of future highs, especially as market conditions have evolved significantly, with institutional participation now playing a much larger role in shaping price dynamics.
Meanwhile, the halving presents challenges for miners. This means that lower rewards could put pressure on profitability, which could lead to industry consolidation and increased reliance on transaction fees.
Bitcoin price movement
Over the past 24 hours, Bitcoin has risen nearly 5%, and is now trading at around $74,400, as a wave of short liquidations fueled a sharp upward move.
The rally was primarily driven by the sudden geopolitical escalation between the US and Iran, which sparked a series of forced buybacks across financial derivatives markets.
In fact, Bitcoin rose from lows near $70,740 to highs above $74,900, with nearly $225 million worth of Bitcoin positions liquidated within 24 hours, a rise of more than 500% compared to the previous day.
Beyond the short crisis, institutional demand provided a strong fundamental offering. U.S. spot Bitcoin ETFs recorded approx $786 million in net inflows last week, indicating renewed interest from major investors.
From a technical perspective, the cryptocurrency is now testing the upper limit of a multi-month trading range, with immediate resistance near the recent swing high at $75,988.
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