Bitcoin: The fourth halving is about to be completed, reducing annual selling pressure by $10 billion
Bitcoin will complete its fourth halving on April 20, 2024, and the block reward will be reduced from 6.25 bitcoins to 3.125, further reducing the output and selling pressure of Bitcoin.
Before the halving, the annual output of Bitcoin was about 330,000. Calculated at a price of $65,000, it will bring more than $20 billion of selling pressure to the market. After the halving, the annual selling pressure of Bitcoin will also be reduced by half, which is equivalent to a reduction of $10 billion, effectively alleviating the selling pressure of Bitcoin.
Bitcoin: Three halvings in history, all achieved a sharp rise in the year after
Bitcoin has experienced three halvings in history, in November 2012, July 2016, and May 2020, respectively. The common point is that there has been a sharp rise in the year after the halving. At present, there are less than 20 days left before the fourth halving. The market has begun to price in the impact of halving. Bitcoin has a high probability of continuing to fluctuate upward.
The halving time of this round is expected to be around April 20 according to the remaining blocks. Compared with the previous two bull markets, the rise of BTC in this bull market has been hovering.
Remind individuals to hold the spot in their hands firmly; especially those with low chips should not sell easily; you can actually look at the K-line of the mainstream copycat coins to see how much they have fallen and how much they have rebounded. The current market is not the tail of the bull market; naturally, it is not the bull market; the real bull market is in the carnival of leeks and the panic of old leeks; it is obviously not now.
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