Bitcoin (BTC), Halving Clock Reaches 61%... 'Supply Cliff' Countdown

▲ Bitcoin (BTC), Halving/AI Generated Image

Bitcoin (BTC)'s next halving progress rate has exceeded 61%, entering a critical turning point for the 4-year cycle supply shock.

According to U.Today, a virtual asset media outlet, on September 22 (local time), the Bitcoin blockchain officially surpassed 61% block generation progress towards the next halving. As the number of mined blocks has steadily accumulated since the 4th halving in April 2024, the journey to the 5th halving is now well over halfway.

Halving is Bitcoin's unique supply adjustment mechanism, where mining rewards are halved approximately every 4 years (210,000 blocks). The current mining reward of 3.125 BTC per block will be reduced again to 1.5625 BTC at the next halving, scheduled for the first half of 2028. The decrease in new issuance limits the market supply, acting as a catalyst for price increases in past cycles.

Looking at historical market trends, the period where the halving progress rate exceeded 60% has historically coincided with the entry into the late stages of a bull market or an inflection point for long-term accumulation. This is also a time when mining companies face increased pressure to optimize operational efficiency and production costs, while the supply lock-up phenomenon among long-term holders becomes full-fledged.

As Bitcoin recently recovered the $87,000 level and maintains a robust upward trend, the accumulated halving progress is emerging as a key factor stimulating the scarcity premium. The combination of the supply reduction cycle and the inflow of institutional funds is spreading expectations for a new all-time high across the market.

[Article Key Summary]

-Bitcoin (BTC)'s next halving progress rate has surpassed 61%, accelerating the countdown to the 5th halving.

-At the 5th halving scheduled for 2028, mining rewards will be halved from the current 3.125 BTC to 1.5625 BTC.

-Historically, the 60% halving progress period, coupled with supply reduction pressure, has been evaluated as a major turning point for long-term upward trends.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*