Bitcoin (BTC) is currently trading at $118,920 on Binance, marking a -0.022% daily drop after sliding $2,794 from its previous close. Intraday movement saw highs of $122,242 and lows of $118,355, reflecting heightened volatility in the world’s largest cryptocurrency.
While the short-term chart shows selling pressure, the long-term conversation is shifting towards Bitcoin’s next halving event — a built-in protocol feature that cuts mining rewards in half every 210,000 blocks, reducing supply inflation.
The last halving occurred in April 2024, slashing rewards from 6.25 BTC to 3.125 BTC per block. The next halving is projected for March–April 2028, where the reward will fall further to 1.5625 BTC per block. Multiple trackers, including CoinGecko and Bitbo, estimate the event to occur between March 26 and April 17, 2028, depending on block confirmation speeds.
Historically, halvings have been associated with significant bullish rallies in the months that follow, as reduced supply meets steady or growing demand. However, recent market data suggests the immediate post-halving effect may be less dramatic than in previous cycles, signaling a maturing market.
For Binance traders, this period ahead of the 2028 halving could offer strategic accumulation opportunities, but also carries the risk of extended volatility as macroeconomic factors and institutional adoption trends evolve.
Key Points for Traders:
Current BTC Price: $118,920
Day’s Range: $118,355 – $122,242
Next Halving: March–April 2028
Post-halving Reward: 1.5625 BTC per block
With four years to go until the next supply shock, the market narrative is likely to keep oscillating between macro pressures and long-term bullish projections. As history shows — in Bitcoin, the real moves often begin when the majority least expect them.
