Bitcoin is progressing further into its halving cycle, having surpassed the midpoint as it approaches the next supply reduction set for 2028.
The upcoming halving event is anticipated around mid-April 2028 at a block height of 1,050,000, based on data from Bitcoin Magazine Pro. Currently, there are approximately 105,000 blocks left in this cycle, indicating that the network has crossed halfway through what is referred to as epoch five. This epoch commenced following the halving in April 2024.
Halvings occur every 210,000 blocks and effectively halve miner rewards. This mechanism tightens the influx of new bitcoins into circulation. At present, miners earn 3.125 $BTC per block; this amount will decrease to about 1.562 $BTC after the next halving event takes place. Consequently, daily issuance will drop from roughly 450 $BTC to around 225 $BTC, reinforcing Bitcoin’s capped supply model limited to a total of 21 million coins.
This system has consistently bolstered Bitcoin’s narrative of scarcity over time. Previous halvings in years such as 2012,2016 ,2020 ,and most recently in April of this year have preceded significant price surges due to reduced issuance coinciding with sustained demand levels. However ,this current cycle appears to be exhibiting a different trend.
Since the April halving in 2024,Bitcoin’s value has risen by approximately15%, climbing from nearly $64k up towards $74k .The asset reached an all-time high near $126k back in October2025 before experiencing a decline downwards towards$60k by February .This ongoing cycle reflects slower growth rates compared with previous periods—a trend often attributed to both an expanding market size for Bitcoin along with increased adoption across various sectors.
Larger capital investments are now necessary for influencing price movements which leads not only lower volatility but also more stable trends overall .Institutional engagement continues shaping market dynamics significantly—especially given how spot bitcoin exchange-traded funds (ETFs) have attracted substantial inflows recently .
The recent fluctuations observed can also be linked closely derivatives trading activity surrounding Bitcoin itself; it surged from about$70 ,700to above$76 k within just two days due largely liquidations occurring among leveraged short positions that accelerated upward momentum during this period where roughly$225 million worth positions were wiped out altogether!
Simultaneously however,miners face mounting pressure stemming directly declining block rewards issued under current conditions which may compress profit margins further pushing operators rely more heavily transaction fees alongside scaling efforts undertaken throughout industry landscape overall!
The Shift Towards AI Among Bitcoin Miners
A notable pivot among bitcoin miners involves transitioning toward artificial intelligence technologies amidst deteriorating profitability within core mining operations themselves! Following last year’s significant cutbacks post-halvings—wherein energy costs remain elevated alongside cooling hardware expenses—their margins have been increasingly squeezed across board!
This shift entails repurposing existing infrastructures such as power-intensive data centers,cooling systems & land holdings into high-performance computing hubs tailored specifically for AI workloads allowing them access stable long-term revenue streams tied directly surging demands associated training inference tasks related these emerging technologies!
<p Companies like TeraWulf Core Scientific already secured multi-billion dollar hosting agreements focused exclusively on AI while others reallocating capital away traditional BTC holdings funding their respective data center buildouts instead!
The article titled “Bitcoin Moves Past Halfway Point In Halving Cycle As Supply Tightens Toward2028,” originally appeared on Bitcoin Magazine written Micah Zimmerman.