Bitcoin Moves Past Halfway Point in Halving Cycle as Supply Tightens Toward 2028
Bitcoin is past the midpoint of its current halving cycle, with supply tightening towards 2028.Summary
Bitcoin has surpassed the halfway point of its current halving cycle, with the next supply reduction expected in mid-April 2028. This event, occurring every 210,000 blocks, halves miner rewards, decreasing new Bitcoin issuance and reinforcing its scarcity. While previous halvings historically preceded significant price surges, the current cycle shows slower gains, attributed to Bitcoin's larger market cap and increased institutional adoption, including spot Bitcoin ETFs. Recent price movements have also been influenced by derivatives trading and the liquidation of leveraged short positions. Meanwhile, Bitcoin miners are increasingly repurposing their infrastructure for AI workloads due to declining profitability from block rewards, seeking more stable revenue streams from the growing AI sector.
(Source：Bitcoin Magazine)