The current halving period that started on the Bitcoin network has passed the halfway point. According to Blockchain data, the fifth halving process, which started in April 2024, has reached the middle of the road with a progress of 50.01 percent. The next halving will occur on April 12, 2028; There are approximately two years left for this historic process to end.
Key data on the halving cycle
Halvings, one of the most important dynamics of the Bitcoin network, occur every 210,000 blocks and the block rewards given to miners are reduced by 50 percent. This mechanism keeps inflation low by balancing the cryptocurrency supply. Currently the block reward has decreased to 3,125 BTC. Since a block is produced on average every 10 minutes, approximately 450 BTC enters the market daily.
Block production time is regulated with the difficulty level adjusted every 2016 blocks. Thus, the frequency of the periods is kept in balance according to the size of the network and the miner power, and the launch of Bitcoin proceeds predictably.
Emphasis on number of blocks, supply and scarcity
There are approximately 104,986 blocks left in this cycle. The total supply of Bitcoin is limited to 21 million and now the 20 millionth Bitcoin has been mined. Removing the last million portion will take 114 years at the current rate.
With each halving, the amount of Bitcoin released into the market and thus the inflation rate decreases further. This scarcity feature stands out as one of the key pillars of Bitcoin’s long-term value.
Bitcoin’s total supply can never exceed its code-determined upper limit of 21 million coins. In the last significant thresholds, the reward rate received by miners was seen to be halved, and this reduced inflation to even below 1 percent in the long term.
Price movements and maturing market impact
The price front showed significant activity after the last halving. Bitcoin started at $64,000 in April 2024 and rose 15 percent to just under $75,000. The historical peak was seen at $126,000 in October 2025; Then, prices dropped to $60,000 at the beginning of February 2026, a decrease of nearly 50 percent.
However, it is noted that Bitcoin’s performance in the current cycle remains more modest than in previous post-halving periods. According to the data of chain analysis firm Glassnode, there is a visible decrease in the return rate; Because as the total capital of the market grows and the rate of adoption increases, price fluctuations decrease with each cycle and movements become more and more predictable.
Bitcoin’s volatility continues to decrease with each new cycle; New large investors joining the market and mass usage make price movements more regular.
Finally, this evolution in market behavior on the network is interpreted as an indication that Bitcoin is maturing as an economic tool at the macro level. Although a new fluctuation in volatility is not expected as the halvings approach, the supply remaining constant will continue to put pressure on the price in the long term.
