The countdown to the halving of the pie, there is only more than a month left before the halving of $BTC . Seeing that the closing line of the pie is approaching, my fixed investment indicator ahr999 has also exceeded 1.29, exceeding the reasonable range of fixed investment. This makes many people feel that the market's rise does not seem to be stable. However, I don't think we are overly greedy as we are above 1.2! Calmness needs to slowly return, and market corrections are an inevitable part of it, and it is the corrections that will make the rise healthier.
This halving event marks an important milestone for the cryptocurrency ecosystem. Recently, Grayscale also published an article, the title probably means "The halving in 2024 will be different." The article puts forward different insights by analyzing miners, supply chains, Bitcoin on-chain ecology, and spot ETFs.
1. Supply chain
Scarcity remains key. Although the halving event will reduce the production of Bitcoin, from the perspective of circulation, as long as the rewards are still there, the circulation will also increase. Unlike Ethereum, Bitcoin lacks a destruction mechanism, so the halving event affects market sentiment more. Over the years, the halving event has been a catalyst for the bull market, with far-reaching influence. The power of consensus is so strong.
2. Miners
As mining costs rise and block rewards decrease, miners are forced to sell off inventory. However, as the Bitcoin ecosystem and on-chain activity increases, so does the income of miners. Data shows that the transaction volume on the Bitcoin chain has exceeded Ethereum, 20% of miners' income comes from Inscription, and Bitcoin's NFT transaction volume has also exceeded Ethereum. In the long run, the development of the Bitcoin ecosystem will stabilize the income of miners and ensure the security of the network. It is expected that there will be more on-chain activities and NFT transactions in the future, which may also lead to more bubbles.
3. ETF passes
Bitcoin is gradually being recognized by the mainstream market. Data shows that the inflow of funds into the ETF within 15 days has been enough to absorb the selling pressure caused by the halving event in the next three months. Therefore, the adoption of ETF will effectively alleviate the selling pressure of miners.
To sum up, from all angles, the upward trend is difficult to change due to other factors. The Bitcoin ecosystem and the adoption of ETFs are ready for this bull run, and the $100,000 mark is only a matter of time. #热门话题 #BTC
