A reminder to everyone: the altcoin season is coming!
I woke up early and saw that Bitcoin has completed its fourth halving, with the block reward reduced to 3.125 BTC. The world still exists, the sun still rises, the miners did not dump the market, Iran did not retaliate in a cycle, and the price of Bitcoin is still fluctuating around 64,000.
The on-chain data shows that BTC completed the fourth block reward halving at block height 840,000 at 8:10 on April 20. The block producer is ViaBTC (a total of 3050 transactions, including block rewards of 40.75106 BTC including handling fees), and the block reward has dropped from 6.25 BTC to 3.125 BTC.
It is reported that the Bitcoin network has previously experienced three halvings in 2012, 2016 and 2020.
The bears have been shouting for a long time that the positive effects of the halving have been exhausted, but the institutions that are bearish have not appeared. On the contrary, according to HODL15Capital monitoring, the net inflow of Bitcoin spot ETFs yesterday was 60 million US dollars, equivalent to 940 BTC, reversing the net outflow for 5 consecutive days.
The previous two weeks were very turbulent. Bitcoin was hit by black swan events several times, but surprisingly, it quickly pulled back to around 64,000, which is near the high point of the last halving. It seems that there is a strong support here. In any case, the effect of halving still seems to exist.
Along with the halving, there is another major event in the Bitcoin ecosystem, that is, the rune has come, which has made the application demand of BTC extremely fierce.
Now the high-priority transaction fee of the Bitcoin network exceeds 2,700 satoshis/byte! Mempool data shows that the transaction fee of the Bitcoin network continues to rise, among which the medium-priority transaction fee has risen to 2,255 satoshis/byte, and the high-priority transaction fee has risen to 2,708 satoshis/byte.
Ordinals developer Leonidas posted on the X platform that Runes users have offset the decline in rewards after the halving, significantly increasing Bitcoin's security budget.
Bitcoin is not only a means of wealth storage, but has become more and more useful, becoming a constantly burning GAS, which will further increase the demand for BTC.
Halving and runes have stabilized the price of Bitcoin, so what will happen next? According to the rules of previous bull markets, the alt season should also come! A few days ago, Shenyu said that there might not be alt season in this halving bull market. I think this statement is too pessimistic. In fact, the game has just begun.
According to the development law of inscriptions, after the runes become popular in the Bitcoin ecosystem, they should quickly spread to other public chains. It seems that the BNB chain is already in action, and then it is likely to be ETH, SOL, AVAX, FTM and other public chains. So I think the first to rebound should be these public chain coins that have been severely oversold. I suggest that everyone ambush them appropriately. If you missed the rebound of BTC, don't miss this wave of rebound in the cottage season.
#比特币减半 #热门话题 #币安广场