šØ Bitcoin has just entered the final 80,000 blocks before the halving.
This isn't a price predictionāit's a countdown written into the code.
Next halving: April 2028, at block #1,050,000.
At that point, the mining reward will be cut in half, from 3.125 BTC to 1.5625 BTC.
The number of newly mined bitcoins each day will plunge from about 450 to 225.
The annual inflation rate will fall to around 0.4%.
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Why does this moment matter?
Historically, markets usually start pricing in the supply shock 6 to 12 months before a halving. April 2028 is still about 559 days away, but on-chain data shows that expectations around supply have already started to shift.
At the same time, the institutional landscape has changed completely. Spot Bitcoin ETFs recorded about $6.34 billion in net inflows in the third quarter, completely reversing the outflows from the first half of the year. Bitcoin ETFs now hold about 1.3 million BTC, representing more than 6% of the market cap.
What does this mean?
At the time of the 2024 halving, the market was still debating whether institutions would show up. Now the question is how much they will allocate.
Bernstein's year-end 2026 price target is $125,000**. Citi's 12-month target is **$113,000, and it expects about $5 billion in additional inflows through wealth advisors and brokerage channels over the next year.
These figures aren't guaranteed. But they reflect a structural shift: Bitcoin's marginal buyers are changing from retail investors to allocation-driven capital.
---
A halving doesn't guarantee a price increase. It guarantees just one thing: the supply of new bitcoins will continue to tighten in a mathematically irreversible way.
The rest is up to demand.
š What will you do before the halvingādollar-cost average, wait and see, or keep waiting for āconfirmationā?
This isn't a price predictionāit's a countdown written into the code.
Next halving: April 2028, at block #1,050,000.
At that point, the mining reward will be cut in half, from 3.125 BTC to 1.5625 BTC.
The number of newly mined bitcoins each day will plunge from about 450 to 225.
The annual inflation rate will fall to around 0.4%.
---
Why does this moment matter?
Historically, markets usually start pricing in the supply shock 6 to 12 months before a halving. April 2028 is still about 559 days away, but on-chain data shows that expectations around supply have already started to shift.
At the same time, the institutional landscape has changed completely. Spot Bitcoin ETFs recorded about $6.34 billion in net inflows in the third quarter, completely reversing the outflows from the first half of the year. Bitcoin ETFs now hold about 1.3 million BTC, representing more than 6% of the market cap.
What does this mean?
At the time of the 2024 halving, the market was still debating whether institutions would show up. Now the question is how much they will allocate.
Bernstein's year-end 2026 price target is $125,000**. Citi's 12-month target is **$113,000, and it expects about $5 billion in additional inflows through wealth advisors and brokerage channels over the next year.
These figures aren't guaranteed. But they reflect a structural shift: Bitcoin's marginal buyers are changing from retail investors to allocation-driven capital.
---
A halving doesn't guarantee a price increase. It guarantees just one thing: the supply of new bitcoins will continue to tighten in a mathematically irreversible way.
The rest is up to demand.
š What will you do before the halvingādollar-cost average, wait and see, or keep waiting for āconfirmationā?