$BTC Current Foundation: Halving, ETF, and Macroeconomics

The 2024 halving is already behind us — the block reward has decreased from 6.25 to 3.125 BTC. Historically, halving has led to growth within 6–12 months after the event. However, the market is no longer like it was in 2012 or 2016:

• Approved BTC ETFs in the USA (BlackRock, Fidelity, etc.) have made Bitcoin more 'institutional'.

• Large investors are now actively participating in trading, increasing the correlation of BTC with traditional indices, especially Nasdaq.

• The percentage of BTC held on exchanges is decreasing, while the share of long-term holders is increasing — a sign of accumulation.

The next #halving is expected to be approximately in 2028