$BTC Bitcoin halving data:
Time: 8:00 Beijing time on April 20
Block height: The fourth halving was completed at 840,000.
Reward changes: After halving, the BTC block reward was reduced from 6.25 BTC to 3.125 BTC.
Price at halving: 63,000 US dollars.
Mempool data shows that block 839,999 was mined by SBI Crypto and block 840,000 was mined by ViaBTC, containing a total of 3050 transactions, and the block reward (including handling fees) reached 40.751 BTC. At present, the priority transaction fee in the Bitcoin network has risen to 1159 satoshis/byte, and the average block time is about 9.8 minutes.
The Glassnode article points out that compared with past halvings, Bitcoin's market dynamics have matured significantly, which may reduce the direct impact of new Bitcoin issuance on market prices. ETFs are key players in the market, and their activities may mask the historical impact of halvings. Although miners add about 900 BTC to the market every day, Bitcoin ETFs often buy more Bitcoin, significantly affecting supply levels and market liquidity.
Since the beginning of the year, Bitcoin ETFs have preempted the impact of supply halving by acquiring a large number of BTC; halving may not affect ETF flows, at least in the short term, as investor demand is already strong; regardless of the situation, the market may need to prepare for volatility in Bitcoin's short-term trading, and perhaps for ETF flows after halving.
