Bitcoin, has already passed the next halving by more than half... Block 1.05M is in the spotlight.

Bitcoin (BTC) has surpassed the 945kth block, significantly crossing the midpoint toward the next “halving.” The halving is a structural event where mining rewards are cut in half and is a key variable affecting supply tightening expectations. According to CoinTelegraph report on the 13th, the next halving will occur at block height 1.05M.

Bitcoin halving occurs approximately every four years, or every 210k blocks generated. The last halving took place in 2024, with the current mining reward at 3.125 BTC. The initial reward was 50 BTC, which has been significantly reduced after four halvings, and it is expected to decrease further to 1.5625 BTC after the next halving.

This structure is a deflationary mechanism designed by Satoshi Nakamoto for Bitcoin. It gradually reduces the rate of new Bitcoin issuance to increase scarcity and ease supply pressure as the total approaches 21 million coins. However, for miners, the reward reduction inevitably worsens profitability. Ultimately, the extent to which transaction fees can compensate for the loss will be a long-term key factor.

The price has not yet shown a reversal trend. As of the time of writing, Bitcoin (BTC) is trading around $76.8k, with a nearly 3% increase over the past week. As the supply reduction expectation intertwines with price movements, market attention is once again focused on the halving date.

Article summary by TokenPost.ai 🔎 Market analysis: Bitcoin is over halfway through the process toward the next halving (block 1.05M), and the market is gradually reflecting the supply tightening expectations. Current prices show a moderate upward trend, which can be interpreted as the narrowing gap between halving expectations and actual supply-demand changes. 💡 Strategic points: The halving’s focus is on medium- to long-term supply structure changes, not short-term events. As mining rewards decrease, the pressure from miners selling and changes in fee-dependent revenue structures may become key variables. Considering the potential for increased volatility before and after halving, a phased deployment strategy is more effective. 📘 Terminology explanation: Halving: an event approximately every four years when mining rewards are cut in half Block height: the cumulative number of blocks generated in the Bitcoin network Mining reward: the Bitcoin reward miners receive for generating a block Supply cap: the designed total supply of 21 million Bitcoins

💡 Frequently Asked Questions (FAQ)

Q. Is Bitcoin halving always good for the price? As a supply reduction factor, halving can increase long-term price appreciation expectations, but in the short term, it may cause increased volatility due to market absorption or miner selling. Q. How will miners respond after halving? With reduced mining rewards, less efficient miners may be eliminated, while surviving miners may respond by increasing transaction fee revenue or adopting more efficient equipment. Q. What key points should the market focus on until the next halving? Expectations of supply reduction, miner selling flows, growth in transaction fee proportion, and changes in institutional demand are core observation points. These factors combined will shape the medium- to long-term price direction.

TP AI notes: This article uses the TokenPost.ai language model for summarization. There may be omissions of main content or discrepancies with facts.