Bitcoin Halving Process and Market Effects
The cryptocurrency market experienced a major decline just hours before Bitcoin's halving event. While Bitcoin showed a decrease of 19 percent, decreases of up to 70 percent were observed in altcoins. This has brought about various discussions among investors about future market trends.
Halving Effect and Market Dynamics
In the past, Bitcoin halvings have often been seen as one of the important factors that trigger price increases. Due to this phenomenon, due to the decrease in BTC supply, it is possible to expect prices to rise if demand remains constant. However, according to market analyst Garry Kabankin, such major events in the market are not limited to supply-demand balances only, but can also be influenced by additional factors such as market gossip.
Recent declines are considered a result of speculative movements and high volatility, especially in altcoins. This informs investors that supply pressure will decrease in the post-halving period and the potential effects of this situation on the market.
Expectations After Halving
It is predicted that the effect of halving will become more evident over time and the adaptation process of the market to the new supply situation may have significant effects on the value of BTC. However, on-chain indicators such as MVRV ratio and social sentiment analysis will be important to gain clearer ideas about the short-term direction of the market.
