Bitcoin is heading deeper into the current halving cycle, with the network now past the midpoint with the next supply cut in 2028 looming.
the next Half It is expected in mid-April 2028 at a cluster height of 1,050,000, according to Bitcoin Pro Magazine Data. There are still approximately 105,000 blocks in the current cycle, which puts the network just over halfway through what is known as the fifth era, which begins after the halving in April 2024.
Bitcoin halving occurs every 210,000 blocks and reduces miner rewards by half, tightening the flow of new supply. Miners are currently receiving 3,125 BTC per block, a number that will drop to around 1,562 BTC after the next event. Daily issuance will drop from around 450 BTC to approximately 225 BTC, reinforcing Bitcoin’s fixed supply model to a maximum of 21 million coins.
This mechanism has long supported the Bitcoin scarcity narrative. Previous halvings occurred in the years 2012, 2016, 2020 and 2024. Significant price expansions As lower issuance meets ongoing demand. But this cycle shows a different pattern.
Bitcoin has gained about 15% since the April 2024 halving, rising from about $64,000 to about $74,000. Assets arrived summit Nearly $126,000 in October 2025 before falling to around $60,000 in February. The current cycle reflects slower gains compared to previous periods, a trend often associated with Bitcoin’s growing market size and broader adoption.
Larger capital inflows are now required to drive price movements, which contributes to reducing volatility and more measured trends. Institutional participation continues to shape market structure, with Bitcoin ETFs attracting significant inflows.
The recent price movement was also driven by derivatives activity. Bitcoin He went up From around $70,700 to over $76,000 in about two days, the liquidation of leveraged short positions accelerated the upward momentum. About $225 million was wiped from positions during this move.
Meanwhile, miners are facing pressure as block rewards decline. Lower issuance could compress margins, causing operators to rely more on transaction fees and volume.
Bitcoin miners are turning to artificial intelligence
Bitcoin miners are turning to artificial intelligence as profitability in core mining operations deteriorates. Following the halving in 2024, block rewards were halved while power, cooling and hardware costs remained high, compressing margins across the industry.
In response, the miners are Reuse Existing infrastructure – high-power data centers, cooling systems, and lands – into high-performance compute centers for AI workloads. This shift allows them to benefit from more stable, long-term revenue streams linked to the growing demand for AI training and reasoning.
Companies like TeraWulf and Core Scientific It’s already secured Multibillion-dollar AI hosting agreements, while others are reallocating capital away from Bitcoin holdings to fund data center buildouts.
