Bitcoin Halving is officially complete! 🎉🎉🎉
The reward per Block has now been reduced to only 3,125 BTC.#BTCprice at Halving does not fluctuate much.
Looking back at history after each Halving season, we see:
⇢ November 28, 2012, price $BTC was about $12, BTC block reward decreased from 50 to 25. 6 months later, $BTC increased nearly $130
⇢ 7/9/2/2016, price $BTC about $660 - block reward reduced from 25 to 12.5. Nearly 1 year later BTC reached ATH in December 2017 at $19,664
⇢ May 11, 2020, price $BTC about $8,600 - block reward decreased from 12.5 to 6.25, reaching ATH on November 2021 at ~69,000
⇢ April 20, 2024 Price $BTC 64000 - block reward reduced from 6.25 to 3.125.
So what will happen next???
Halving as a way to reduce inflation for Bitcoin that Satoshi came up with, it happens every 4 years. In addition to exchanges, governments and funds, a large amount of#BTCis also in the hands of large mining pools, which decide whether#BTCcan be traded and moved smoothly or not.#binance #btc #bitcoin

Bitcoin $BTC is currently facing two scenarios:
The first scenario is a breakthrough and daily closing above 70,500, after which we expect a move towards the 90,000 level.
The second scenario is a failure to break through. In that case, we anticipate a correction to levels between 52,000 - 56,000. If this occurs, it will be a very good opportunity to continue positioning.
Sooner or later, after halving, we expect Bitcoin to reach the 90,000 levels.#binance #btc #bitcoin $BTC

🔥 Get Ready, Bitcoin Enthusiasts! 🔥 Today marks the expiration of around 18,000 Bitcoin options, totaling a notional value of $1.23 billion. While significant, it pales in comparison to last week's whopping $15 billion options expiry. Despite a 5% dip in total market capitalization this week, there's no need to fret! 😎
With a put/call ratio of 0.64, indicating more call (long) contracts than puts (shorts), today's batch of Bitcoin options suggests bullish sentiment. The max pain point sits at $68,000, slightly higher than current spot prices. Bulls are flexing their confidence, with approximately $900 million in open interest at the $70,000 strike price. Ethereum isn't forgotten, with around 270,000 contracts expiring, boasting a put/call ratio of 0.38 and a max pain point of $3,400.
While the crypto market experienced a slight boost yesterday, reaching a total cap of $2.67 trillion, Bitcoin hit $69,000 before retracing to $66,500 during the Friday morning Asian session. The future? Only time holds the answer, but one thing remains certain - the world of Bitcoin is always full of surprises! $BTC #binance #btc #bitcoin

Will Crypto Markets Keep Falling As $1.2B Bitcoin Options Expire Today? 
There are around 18,000 Bitcoin options due to expire on April 5 with a notional value of $1.23 billion.
However, today’s expiry event is much smaller than last week’s whopping $15 billion end-of-quarter crypto options expiry.
Moreover, markets have been weaker this week, with total capitalization falling 5% as $150 billion left the space.
Bitcoin Options Expiry
Today’s tranche of expiring Bitcoin options contracts has a put/call ratio of 0.64. This means there are about a third more call (long) contracts expiring than puts (shorts).
Additionally, the max pain point of today’s batch is $68,000, which is about $500 higher than current spot prices.
There is also around $900 million in open interest at the $70,000 strike price, indicating that the bulls are confident of a return to those levels. Additionally, there is $840 million in OI at a strike price of $100,000, according to Deribit. However, BTC appears to be in retreat at the moment.
Crypto derivatives tooling provider Greeks Live reported that the volatile week has ended in a short-sellers win before adding that selling calls have been the most dominant trade of the week, “with implied volatility across all major terms showing a significant decline.”
“Bitcoin is coming off the halving with sentiment support, other coins have fallen into a short-term bear market, and ETF inflows have slowed recently as the market is digesting the premium from ETFs.”
5 April Options Data 18,000 BTC options to expire with a Put Call Ratio of 0.64, Maxpain point of $68,000 and notional value of $1.2 billion. 270,000 ETH options are due to expire with a Put Call Ratio of 0.38, Maxpain point of $3,400 and notional value of $890 million.

#binance #bitcoin #btc $BTC

$BTC Urgent Update 🔥🔥🔥
😧The update provides an urgent alert regarding Bitcoin's current price movement. It mentions that Bitcoin has broken below a trendline area on the 4-hour timeframe, which is considered a crucial development.
👆🏻The analysis suggests that the current price range of $68,000 to $69,000 is now acting as a strong resistance area and also marks a successful retest of the trendline. It warns that if Bitcoin is rejected from this area on the 4-hour timeframe, a decline to the $62,000 to $60,000 range is expected. Additionally,
👉🏻 it predicts a potential 10-20% dip in altcoins if this scenario unfolds.
👌🏻The analysis concludes by stating that this bearish scenario would only be invalidated if Bitcoin manages to break above the $71,500 area with significant buying volume. Until then, the analysis maintains a bearish outlook for Bitcoin.#binance #btc #bitcoin $BTC

The sweeping ban on cryptocurrencies imposed by the US government has rattled the digital asset community worldwide, causing significant disruption to the market. According to data from various sources, including industry reports and market analytics, the value of digital assets such as Bitcoin and Ethereum has experienced sharp declines in the wake of the ban announcement. Trading volumes on major cryptocurrency exchanges have plummeted, reflecting the uncertainty and apprehension among investors.
As a language model trained on vast amounts of text data, I can provide insights into the historical context and evolution of the cryptocurrency landscape. Over the years, cryptocurrencies have emerged as a disruptive force in the financial world, attracting both fervent supporters and staunch critics. Their decentralized nature and promise of financial sovereignty have fueled a global movement toward digital currency adoption.
However, regulatory challenges have long loomed over the cryptocurrency space, with governments grappling to define their stance and establish frameworks for oversight. The US government's ban represents a significant escalation in these regulatory efforts, marking a critical juncture in the ongoing debate surrounding digital assets.
In the face of this regulatory crackdown, industry players, including blockchain developers, entrepreneurs, and investors, are mobilizing to navigate the changing landscape. Some are exploring alternative jurisdictions with more favorable regulatory environments, while others are advocating for constructive dialogue with policymakers to shape regulations that foster innovation while addressing legitimate concerns.
Amidst the uncertainty, one thing remains clear: the ban on cryptocurrencies has thrust the industry into a period of introspection and adaptation. As stakeholders assess the implications and chart a path forward, the global community watches with keen interest, awaiting the outcome of this pivotal moment in the evolution of digital finance.#binance

Understanding the Recent Market Decline: The Pre-BTC Halving Effect🤯
The recent downturn in the cryptocurrency market may seem like a typical occurrence, often attributed to Bitcoin's failure to breach its resistance level. However, this assumption overlooks a crucial factor: the Pre-BTC Halving Effect.
Let's examine some key data:
1st Bitcoin Halving:
- Date: November 28, 2012
- Reward reduction: 50 BTC to 25 BTC
- Total Bitcoin supply: Approximately 10.5 million
- Price 1 day before: Around $11 per BTC
2nd Bitcoin Halving:
- Date: July 9, 2016
- Reward reduction: 25 BTC to 12.5 BTC
- Total Bitcoin supply: Approximately 15.75 million
- Price 1 day before: Around $657 per BTC
3rd Bitcoin Halving:
- Date: May 11, 2020
- Reward reduction: 12.5 BTC to 6.25 BTC
- Total Bitcoin supply: Approximately 18.375 million
- Price 1 day before: Around $8,600 per BTC
4th Bitcoin Halving (Estimated):
- Date: April 19, 2024
- Expected reward reduction: From 6.25 BTC to 3.125 BTC
- Estimated total Bitcoin supply: About 19.6875 million
- Price 1 day before: Prediction unavailable
Understanding How Bitcoin Functions:
Unlike current Ethereum-based coins, where developers mint coins as they wish and initiate airdrops, Bitcoin operates differently. BTC was designed so that acquisition requires mining. Even Bitcoin's founder mined coins and stored them in his wallet.
The mining process becomes increasingly complex as the number of blocks in the network grows. Essentially, miners are responsible for confirming all transactions. If you haven't yet read my post on Halving, I recommend doing so for a simplified explanation.
The Challenge:
The founder foresaw that as technology advanced, mining would become easier, leading to a surge in miners and subsequently, an exponential increase in market supply. To address this, a function was implemented to halve rewards over time. This ensures that the total supply would eventually decrease instead of increase, culminating in a maximum supply of 21 million Bitcoins over its lifetime.#binance #btc #bitcoin $BTC

🎉 Bitcoin (BTC) is back in the game, folks! After a brief dip to around $64,500, our beloved digital gold bounced back over $66,000. This despite the US government auctioning off a chunk of BTC (2,000 to be exact) they'd nabbed from the now-defunct Silk Road. But hey, every cloud has a silver lining, right? More BTC in circulation now! 🎉
While some traders got a bit jittery, others shrugged it off. After all, the amount sold is a drop in the ocean compared to the inflows to US Bitcoin ETFs, which totaled a whopping $40 million on April 2 alone.
So, what's the takeaway? Corrections happen, people. They're as normal as your morning cup of joe. And as our friend Michaël van de Poppe, CEO of MNTrading, puts it, "Dips are for buying in these markets." So, keep calm and carry on, crypto enthusiasts!#binance #bitcoin #btc $BTC

#Bitcoin moved closer to the bottom of this range - that was part of inevitable scenario. Can't yet say that the move is over, but in such situation confirmation comes pretty late. So in any case my expectation for nearest PA stay the same.
I think that we may expect $BTC to re-test of 68-68.4k zone. If happens before further dip to 62k it can be taken as short opportunity. If after, I'd skip it and hold long taken from the bottom to give it a chance to breakout.
💡Today Powell speech at 16.10 UTC time. Most probably will cause market to shake again. So avoid entering anything in the middle of nowhere.
Nearest levels to watch #BTC PA:
🔸73881 - ATH
🔸71363 - March close
🔸68448 - previous week open
🔸67260 - last week open
🔸66400 - Nov'21 dump week high
🔸64300 - February high
🔸63178 - week close
🔸61203 - Feb'24 close
Trend: 4H 🔽 D ▶️ W 🔼 M 🔼
🤑 F&G: 71 < 79 < 79 < 75 < 80#binance #btc #bitcoin $BTC

Top 3 Reasons Why Bitcoin (BTC) Price Dropped Below $66K
The post Top 3 Reasons Why Bitcoin (BTC) Price Dropped Below $66K appeared first on Coinpedia Fintech News
The recent flash crash of Bitcoin and its enormous liquidations has shocked many investors, prompting questions about the underlying causes. So what are the reasons for the sudden downturn? 
Below are the three key factors that are the driving force behind Bitcoin’s price dropping by over 5%. 
High Funding and Open Interest
The first thing is funding and open interest levels in the Bitcoin ecosystem. When the financing metrics and open interest are high, it indicates a proliferation of leveraged positions, which leaves Bitcoin vulnerable to price manipulation. Whales or large holders of Bitcoin might take advantage of this situation to trigger a price drop by selling off their holdings.
Whale action has subsequently led to Bitcoin’s entire network witnessing a total liquidation of $157 million in the past hour alone, with long orders totaling $144 million.
Grayscale Outflow
The second reason is the Grayscale Bitcoin Trust (GBTC) outflows. GBTC, a popular investment vehicle for institutional investors to invest in Bitcoin ETFs, has decreased in demand. These massive GBTC outflows might contribute to a drop in Bitcoin’s price, now trading at around $66,608. Ethereum has also experienced a notable decline, briefly falling to $3,319 before stabilizing. The sharp decline in prices resulted in widespread liquidations across the crypto market. 
Historical Precedent
Thirdly, Bitcoin’s historical patterns, particularly its tendency to experience price corrections before halving events. Bitcoin’s halving, which occurs approximately every four years, is due this month, on April 18th! 
The recent drop in Bitcoin’s price combines three factors: high leverage in the market, institutional outflows, and historical patterns related to halving events. #binance #btc #bitcoin $BTC

BTC Halving Price History
18 days before 2012 halving, BTC was 46% down from ATH.
18 days before 2016 halving, BTC was 41% down from ATH
18 days before 2020 halving, #BTC was 62.5% down from ATH.
18 days before 2024 halving, BTC is 10% down from ATH.
This time it's different
#BTC $BTC #binance #btc #bitcoin

Why BTC and all other cryptocurrencies has fallen?
Well, you may think this was a usual fall as same happened recently when BTC failed to break its resistance point.
You are completely wrong! The reason behind the fall market is Pre BTC Halving Effect…
Let’s look at some data:
1st Bitcoin Halving:
Date: November 28, 2012
Reward reduction: 50 BTC to 25 BTC
Total Bitcoin supply: About 10.5 million
Price 1 day before: Around $11 per BTC
2nd Bitcoin Halving:
Date: July 9, 2016
Reward reduction: 25 BTC to 12.5 BTC
Total Bitcoin supply: About 15.75 million
Price 1 day before: Around $657 per BTC
3rd Bitcoin Halving:
Date: May 11, 2020
Reward reduction: 12.5 BTC to 6.25 BTC
Total Bitcoin supply: About 18.375 million
Price 1 day before: Around $8,600 per BTC
4th Bitcoin Halving (Estimated):
Date: April 19, 2024
Reward reduction: Expected from 6.25 BTC to 3.125 BTC
Total Bitcoin supply (Estimated): About 19.6875 million
Price 1 day before: Cannot be accurately predicted.
I know it’s confusing. Let me explain..
How Bitcoin actually works?
Well, Bitcoin haven’t started like current ETH based coins where the developers mint as many coin they want and start airdropping.
BTC was programmed in a way, that if you need BTC you must mine it. Even the founder of Bitcoin, he also mined Bitcoin and stored in his wallet.
The more the number of blocks in the network, the more complicated the mining process gets. Basically miners are behind all the transactions confirmation. If you haven’t read my post on Halving, I would suggest you to go and read all my post. I use most simple words to explain.
The issue is, the founder knew, as technology will evolve, mining will be easier. So more and more people will start mining Bitcoin, so market supply will be increasing dramatically.
So he decided to write a function that eventually reduces the rewards by half. So in feature, a point will came when the total supply will decrease instead of increasing. And the point is 21 million Bitcoin which will be the max supply of Bitcoin in lifetime. #binance #btc #bitcoin $BTC

🐝 BTC UPDATE
Bitcoin is stuck in the horizontal corridor $68,500 - $72,000. As usual, breakout will determine the vector of further development.
We are holding our bags tightly, as you could remember we bought Bitcoin in the $61,000 - $64,000 range.
All in all, if the price breaks the $68,500 support down, it makes sense to open a small SHORT position (targets are on the screenshot), but I don't like playing against the trend, so it is up to you.
I will BUY ONLY (in case of $72,000 confident breakout).#binance #btc #bitcoin $BTC

♨️ Bitcoin Halving Inches Closer With Fewer Than 2,900 Blocks Remaining ♨️
🌟 The next Bitcoin halving is right around the corner, expected to occur between April 18 to April 22, 2024. 📅 This milestone event, set to happen at block 840,000, will see the mining reward halved from 6.25 to 3.125 bitcoins per block. 💰 What does this mean for miners and the broader crypto landscape? Let’s dive in:
🔍 Understanding the mechanics: Bitcoin halving is a built-in feature designed to regulate the currency's supply, occurring roughly every four years or every 210,000 blocks. 🛠️ Miners, who validate transactions through computational power, are rewarded with newly created bitcoins. With each halving, the reward is slashed in half, impacting miner revenues and network dynamics.
💡 Impact on miners: Post-halving, miners will witness a significant reduction in their daily earnings, prompting strategic adjustments in equipment and operations to maintain profitability. 📉 This could also lead to fluctuations in the network's hashrate as miners evaluate the cost-effectiveness of their operations.
💼 Global implications: The halving event is a global phenomenon, observed across various time zones, marking a deliberate slowdown in Bitcoin's issuance. 🌐 As Bitcoin operates without borders, its deflationary structure introduces economic considerations that ripple worldwide.
🚀 What's next? As we countdown to the halving, anticipation builds within the community. 🕒 Stay tuned for updates and insights as we navigate through this pivotal event in Bitcoin's journey!
#binance #btc #bitcoin $BTC

#binance #btc #bitcoin $BTC Who Owns The Most Bitcoin?
Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions. It is estimated that Satoshi mined more than 22,000 blocks starting from January 3rd, 2009, and received more than one million bitcoin in cumulative block rewards for the work.
How Many Bitcoin Does Satoshi Have?
As a result, Satoshi is estimated to have more than 1.1 million BTC, valued at approximately $47 billion in February 2024. This bitcoin is not stored in one address but spread across roughly 22,000 addresses. None of it was ever spent besides a few test transactions. Satoshi left the project in 2010 and hasn’t been heard from since.
Individual Bitcoin Whales
Tyler and Cameron Winklevoss: Following their 2008 settlement with Mark Zuckerberg for $65 million worth of Facebook shares and cash, the pair started an angel investment company. A few years later they would announce they had bought approximately $11 million worth of bitcoin at an average cost basis of $10 per coin. It’s estimated that the Winklevoss twins own ~70,000 BTC.
Tim Draper: The VC titan has been interested in Bitcoin for a while; so much so that he made one initial purchase of 40,000 BTC at the Mt Gox exchange.
Unfortunately, all 40,000 coins were lost in the hack and subsequent bankruptcy. However, in 2014, Mr. Draper purchased 29,656 BTC for $18.7 million at a cost basis of approximately $632 per coin.
Michael Saylor: The founder and chairman of Microstrategy revealed in an October 2020 tweet that he personally held 17,732 BTC. It is reasonable to assume that he has since acquired more—being such a public Bitcoin Bull—but this is the only mention of his personal stash
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💥Talking about the BTC "halving" in 2024💥
✅The "halving" is what makes Bitcoin truly unique in the world of financial assets. No other commodity has the same fully calculable production schedule that allows Volkswagen to prepare in advance for its halving.
✅The 2020 "halving" left an indelible mark on the Bitcoin mining industry, and this time in 2024 will undoubtedly bring significant changes. In order to avoid the possible impact as much as possible, we made a report by analyzing the impact of the halving on the core metrics of Bitcoin mining (including hashrate, difficulty, and hashrate price), as well as the aspects of the Bitcoin mining business (mining rig price, custody rate, and other considerations).
Based on the analysis, the following key points are provided here:
✅1. The fourth Bitcoin halving will take place on April 19, 2024 at approximately 13:30 UTC.
✅2. If the current coin price continues to maintain or moderately increases, it is expected that about 3%-7% of the Bitcoin hashrate may go offline after the halving, and miners will see these approximate percentage reductions in subsequent difficulty adjustments.
✅3. If the price of the coin falls from the current level to about $48,000, then it is expected that about 16% of the bitcoin hashrate will go offline, and the hashrate will be between 639 EH/s and 674 EH/s by the end of the year.
As noted in the report, it is believed that the halving in 2024 will be very different from the past. The current Bitcoin bull market, coupled with the surge in transaction fees. provides an opportunity for many miners to remain motivated even after the block reward drops to 3.125 BTC. If the price of Bitcoin remains or rises, a small portion of the hashrate may go offline. If the current trend continues, expect to see a slow increase in hashrate over the next year, as the compressed profit margins – resulting from a slow but steady increase in difficulty – will determine how much hash power will remain online and profitable.🔥#binance #btc #bitcoin $BTC

🚨BREAKING NEWS 🚨
Fed President Powell began his speech, there was a sudden drop in the bitcoin $BTC exchange rate!
Fed Chairman Powell comments on the US economy live on air.
🔅Here are the important words of Fed Chairman Jerome Powell at this point:
Cutting interest rates too early will have devastating consequences.
Waiting too long could mean causing unnecessary damage to the economy and the labor market.
My first thought on PCE met expectations; it's good to see it meeting expectations.
We want to be more confident before we cut interest rates.
If we see unexpected weakness in the labor market, it could trigger a policy response.
We have a chance to lower inflation without hurting the economy.
The likelihood of a recession right now is low.
You've seen really significant progress in fighting inflation.
The economy is not suffering from interest rates at this level! #binance #btc #bitcoin $BTC

$BTC Analyst Reveals a Bitcoin Breakout Potential 
According to Martinez, Bitcoin is breaking out of a bull flag pattern on the 4-hour chart. This technical analysis suggests that if *BTC* sustains its value above the $70,000 threshold, the cryptocurrency might experience a surge of nearly 10%, potentially reaching a new all-time high of $77,000.
#Bitcoin appears to be breaking out of a bull flag on the 4-hour chart! If $BTC holds above $70,000, we could see a surge of nearly 10% to a new all-time high of $77,000!
— Ali March 28, 2024
Warning Signals for a Potential Correction
Despite the bullish indicators, other market analysts from CryptoQuant offer a more cautious perspective. Their analysis points to signs that a market correction may be imminent. A key observation by analyst Mignoletkr notes the significant movement among long-term Bitcoin holders, with around 90,000 Bitcoins being transferred in recent weeks. These movements predominantly involve wallets likely owned by actual users, rather than exchanges, indicating a possible shift in market dynamics.
.@mignoletkr stated that significant movement of long-term holders (3 to 5 years) occurred, with approximately 90,000 #Bitcoin transferred in the past few weeks.The wallets likely belonging to actual users rather than exchanges. pic.twitter.com/LK6farTnsO
— March 27, 2024Further analysis underscores the increased risk for new investors. As highlighted by @joao_wedson, the Bitcoin Sharpe Ratio signals a heightened risk associated with the cryptocurrency’s recent price surge. This metric is crucial for investors to consider, as it helps gauge the potential return on investment compared to the inherent risk.
DanCoinInvestor’s analysis adds another layer to the conversation, noting a discernible correction after Bitcoin peaked at $73,800. This correction is attributed to a decrease in U.S. buying activity. However, the analysis also suggests a potential rebound before mid-2024, driven by institutional and whale purchases, hinting at the volatile yet opportunistic nature of the Bitcoin market.#binance

Bitcoin's recent analysis reveals intriguing insights. If Bitcoin dips to $56k, it could spell disaster for roughly $10 billion in long positions. Conversely, hitting $76k might trigger the liquidation of approximately $4 billion in short positions. This data serves as a cautionary signal for traders, highlighting the need to brace for market volatility. It underscores the inherent risks in trading, where even minor price shifts can yield substantial impacts. My speculation is that Bitcoin will initially surge to $76k before experiencing a downturn, potentially leading to the erasure of $10 billion.#binance #btc #bitcoin $BTC

"Counting Down to Bitcoin Halving: What You Need to Know"
Hey there, crypto enthusiasts! 🚀 Have you heard the buzz about the upcoming Bitcoin halving event? It's just around the corner, and the excitement is palpable! Let's break it down in simple terms:
1. What is Bitcoin halving? Every 210,000 blocks mined, Bitcoin undergoes a halving event, where the rewards for miners are cut in half. This process is programmed into Bitcoin's code and occurs approximately every four years to control inflation and maintain scarcity.
2. Why does it matter? Bitcoin halving events have historically led to significant price movements. As the supply of new Bitcoin entering the market decreases, demand often increases, potentially driving up the price. It's a key event that can impact the entire cryptocurrency ecosystem.
3. When is the next halving? Thanks to Binance, we have a real-time countdown timer! Currently, we're 21 days and 18 hours away from the big day. It's a countdown worth keeping an eye on as we approach this pivotal moment in Bitcoin's history.
4. What can you expect? While past performance is not indicative of future results, many investors anticipate increased volatility around the halving event. Whether you're bullish or bearish, it's essential to stay informed and prepared for potential market movements.
So, are you ready for the Bitcoin halving? Join us as we count down to this historic event and explore its implications for the crypto market. Let's navigate the countdown together and uncover what lies ahead for Bitcoin and beyond! 🌟💡
❤️ If you find this information helpful, consider supporting me through the Binance Tipping feature. Your generosity helps me provide quality content. 🙏🏿#binance #btc #bitcoin $BTC