Svmuu News Bitcoin has currently reached the midpoint of this halving cycle (approximately 50.01%), with the next halving expected to occur on April 12, 2028. This cycle (Epoch 5) began in April 2024, triggered every 210,000 blocks, reducing the miner block reward to the current 3.125 BTC, with a daily new supply of approximately 450 coins.
Data shows that Bitcoin has accumulated a gain of about 15% since the 2024 halving, a performance significantly weaker than the gains seen at similar points in previous cycles, continuing the trend of "diminishing returns." The price previously reached a high of around $126,000 in October 2025 before retreating to levels around $60,000.
Analysis suggests this change primarily stems from Bitcoin's gradual progression into a mature asset stage: as market capitalization expands and institutional participation increases, the capital required to drive significant price appreciation has grown substantially, while volatility continues to decline, leading to a more subdued price trajectory.
The current total Bitcoin supply cap is 21 million coins, with approximately 20 million already mined. The remaining roughly 1 million coins are expected to be gradually released over the next approximately 114 years, with the scarcity mechanism continuously reinforcing its long-term value support. (CoinDesk)