Previous Bitcoin halvings have continued to lead to a sharp rise in Bitcoin prices in the following 12 months
After the first halving, Bitcoin's price soared by more than 1,000%
After the second halving, Bitcoin's price rose by 200%
After the third halving, Bitcoin's price rose by more than 600%
Continuing the previous increase, according to the last bull market price, 200% is no problem, this year's bull market will be at least 100,000 BTC
The rise of each halving also shows that the BTC halving event can have a huge impact on the supply and demand dynamics and market pricing. Now the fourth halving is just around the corner. Compared with the past halving events, the market dynamics of BTC are now clearly mature, and the direct impact of new Bitcoin issuance on market prices may be reduced. This change is mainly affected by the increase in institutional demand and BTC ETFs.
Although miners add about 900 BTC to the market every day, Bitcoin ETFs often buy more BTC, which greatly affects the supply level and market liquidity. In the past, each halving was followed by an explosive surge, but this year is different because of the high involvement of institutions through ETFs, and the obvious differences in the activities of long-term investors and "smart money". The market situation is becoming more and more complicated, and risk control is now becoming particularly important.
