Bitcoin is 100,000 Blocks Away from the Next Halving in 2028
The Bitcoin network is approximately 100,000 blocks away from the next halving in 2028 (current block height is about 950,000, with the next halving at 1,050,000).
After this halving, the block reward will decrease from 3.125 BTC to 1.5625 BTC, halving the daily new Bitcoin supply to about 225 coins.
Miners and long-term holders in the market are positioning themselves ahead of the halving cycle, while institutional and retail funds are flowing into Bitcoin due to expectations of reduced supply. Miners benefit from efficiency optimization, while inefficient hashing power faces short-term pressure, leading to a shift of funds from high-energy mining towards Bitcoin spot and derivatives.
Source: Public Information
ABAB AI Insight
Bitcoin has undergone four halvings since 2009 (2012, 2016, 2020, 2024), each strictly following a 210,000 block cycle. With about 100,000 blocks remaining before the 2028 halving, it continues its deflationary mechanism hardcoded into the code. Following the 2024 halving, both Bitcoin prices and miner efficiency experienced significant adjustments.
In terms of capital flow, miners are upgrading ASIC equipment and securing hashing power shares with low electricity prices, while institutions are shifting funds from spot ETFs and derivatives towards long-term Bitcoin holdings, motivated by capturing the scarcity premium resulting from supply shocks post-halving, creating a capital cycle from mining revenue to asset price appreciation and holding returns.
Similar to the pre-2024 halving where miners sold coins early and institutions hoarded, the current 100,000 block window is in a phase of miner efficiency competition and market expectation repricing. Bitcoin is transitioning from the post-2024 halving cycle to a supply compression leading up to 2028, driving the industry from production-led to scarcity-driven pricing.
Structural judgment: This essentially represents capital concentration. The fixed 210,000 block halving mechanism of Bitcoin results in a predictable exponential decline in new supply. The mechanism of coded deflation shifts scarcity from uncertainty to certainty, forcing global capital to concentrate heavily on Bitcoin as a fixed supply asset, thus transferring pricing power from traditional fiat currencies and high-energy miners to long-term holders and institutions.
ABAB News · Law of Cognition
Fewer blocks mean higher scarcity.
Halving is a time bomb; supply is the ultimate answer.
Code sets the rules; the market executes the price.