Players in the currency circle always have expectations for #比特幣減半

After all, the trends of the past three halvings were very similar.

It’s hard not to hope that the fourth time will be the same

Although one of the things history teaches us is that it's the same every time

But it really might be different this time

There are two main impacts of the Bitcoin halving:

1 supply cut in half

2 The market expects the halving to bring gains

Bitcoin spot ETF passed in January this year

Everyone knows what happened after passing

These ETFs (except Grayscale) have all begun to purchase large sums of money

Buy Bitcoins from the market in large numbers

The current block reward is 900 Bitcoins per day

But at its peak, 2,800 ETFs were bought a day.

It can also be observed from on-chain data

Bitcoin holdings on exchanges are also declining

There are fewer and fewer Bitcoins in circulation

in short

Not halved yet

But Bitcoin’s supply reduction is already happening

And the impact of ETFs on this matter is much greater than the halving

Perhaps this part of the impact has been reflected in

And the influence that halving can exert will become less and less

Only the impact of market expectations remains

For currency players

This is something worth thinking about

The composition of the participants in the venue is no longer the same

Wall Street is coming

And this group of new players has great influence

The rules of the currency circle may be changing

And the influence of currency players is declining