Overview
- With the network past block 950,000, the next halving is projected at block 1,050,000 in roughly mid‑2028.
- Block rewards are set to fall from 3.125 BTC to 1.5625 BTC, which will further reduce the rate of new coins entering the market.
- U.S. spot Bitcoin ETFs hold well over $100 billion, and recent data shows strong net inflows on big days and relatively muted redemptions.
- Analysts say ETF demand could steer prices more than the issuance cut because coins have moved into long‑term custody and exchange reserves have thinned.
- Miner revenue would drop by another 50 percent at the event, and outcomes may hinge on whether miners, long‑term holders, or ETFs control the tradable supply.