The Bitcoin halving is an event that occurs approximately every four years and halves the reward for miners who verify Bitcoin transactions.

Here's how it works:

•Bitcoin has a fixed amount of coins that can ever be created, 21 million.

•To encourage miners to verify transactions and secure the network, they receive a reward in Bitcoin for each mined block.

•Halving is written into the Bitcoin code and halves the reward offered to miners.

•For example, the initial reward was 50 Bitcoins, and after the last halvings it reached 6.25 Bitcoins (until April 19, 2024). Currently, the reward is 3,125 Bitcoins.

The reward reduction has two main effects:

•Decreases the rate of creation of new Bitcoin coins. This limits the supply of Bitcoin, similar to gold which is a finite resource.

•May affect the price of Bitcoin. As supply becomes more limited, and if demand remains constant or increases, the price of Bitcoin could increase due to increased rarity.

It is important to note that the relationship between halving and price is complex and is not a guarantee of a price increase.

It's already been a few days since the Halving and probably a lot of people were expecting a price explosion, that explosion will probably come when the market least expects it