Bitcoin
Bitcoin’s next halving event is steadily approaching, with on-chain and cycle analyst Root reporting that progress toward the scheduled supply reduction has reached 61%.
In a post on X, Root shared the update alongside a screenshot showing the current halving progress. The next Bitcoin halving is expected around 2028 and will reduce the mining reward from 3.125 BTC to 1.5625 BTC per block. According to OKLink estimates, the event is projected for April 13, 2028, with approximately 109,012 blocks remaining until the milestone.
Bitcoin halvings occur roughly every four years and reduce the amount of new BTC entering circulation through mining rewards. The previous halving took place in April 2024, cutting the block reward from 6.25 BTC to 3.125 BTC.
Market expectations around the next halving remain positive among some industry participants. Coinbase CEO Brian Armstrong has pointed to historical market behavior around Bitcoin halvings, stating that previous cycles have often seen price increases ahead of the event. He also expressed optimism about Bitcoin’s potential performance over the next one to two years.
Bitcoin’s current market structure has also shown signs of renewed strength. BTC was trading around $86,099, gaining 0.86% over 24 hours, after reaching $87,397, its highest level since late January 2026.
A key technical development came as Bitcoin reclaimed its long-term moving averages after spending approximately 300 days below them. The asset also closed above its 365-day moving average for the first time since March 2023, a level that has historically been monitored as an important long-term trend indicator.
The next major technical area traders may watch is the $88,000 to $90,000 resistance zone. Maintaining strength above long-term moving averages could reinforce the current positive market structure, while failure to hold those levels may shift attention back toward broader consolidation.
Institutional demand has also contributed to recent market momentum. Bitcoin ETFs recorded more than $1 billion in inflows in a single day, marking the strongest daily inflow since October 2025. BlackRock’s IBIT led with $381 million, while ARK 21Shares Bitcoin ETF and Fidelity’s FBTC each recorded inflows exceeding $200 million.
The recent rally has also improved conditions for ETF investors, with the average Bitcoin ETF holder moving back into profit after BTC surpassed the estimated ETF cost basis of $81,722 per coin.
Market participants may now focus on whether Bitcoin can maintain its long-term technical recovery, sustain institutional inflows, and continue building momentum as the next halving cycle progresses.
