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