Looking back at the 2024 halving, things changed a lot more than many expected 👀 Two years ago exactly, mining rewards were cut in half, and honestly I thought we would see the immediate effect. But no, that's not how it works.

The interesting part is what came afterward. Bitcoin today is well above where it was before the 2024 halving — now around $77.58K, a pretty solid move considering everything that happened in between.

But here’s what’s less talked about: miners are suffering. With half the rewards, their margins have tightened significantly. Many had to optimize operations or simply shut down. It’s real stress in the mining industry that most don’t see in the price.

What is noticeable is that the market has matured. Less irrational volatility, more institutional participation, less panic during corrections. The 2024 halving accelerated that transition in some way.

The question I ask myself is whether there are still surprises to come. These halving cycles have effects that take months or years to fully develop. Do you think the worst is already over for miners, or is there more pressure ahead?