Analysis: Bitcoin halving cycle has passed its halfway point, but the price increase lags behind history; asset maturity enhances, suppressing volatility and returns.

ME News Report, April 14 (UTC+8), Bitcoin has now reached the midpoint of this halving cycle (approximately 50.01%), with the next halving expected to occur on April 12, 2028. This cycle (Epoch 5) began in April 2024, with a halving triggered every 210,000 blocks, reducing miner block rewards to the current 3.125 BTC, with an average daily new supply of about 450 coins. Data shows that since the 2024 halving, Bitcoin has increased by approximately 15%, performing significantly weaker than the gains during previous cycles, continuing the “diminishing returns” trend. Previously, the price reached a high of about $126k in October 2025, then fell back to around $60k. Analysts believe this change is mainly due to Bitcoin gradually maturing as an asset: as market capitalization expands and institutional participation increases, the capital required to drive significant price increases has risen sharply, while volatility continues to decline, leading to a more stable price trend. Currently, Bitcoin’s total supply cap is 21 million coins, with about 20 million mined, and approximately 1 million remaining to be gradually released over the next roughly 114 years, with the scarcity mechanism continuously strengthening its long-term value support. (Source: ODAYL)