Approximately 60% of Bitcoin’s current halving cycle has passed. On X, on-chain analyst Root posted that the current halving progress has reached 61%. Under Bitcoin’s established issuance mechanism, halvings occur roughly every four years, reducing miners’ block rewards by half—a milestone the market typically closely monitors.
The next halving is expected in 2028.
The last Bitcoin halving occurred in April 2024, reducing the block reward from 6.25 BTC to 3.125 BTC. According to estimates from OKLink, the next halving is expected around April 13, 2028, when the block reward will decrease further to 1.5625 BTC.
As of now, approximately 109,012 blocks remain until the next halving. The halving itself does not alter how the network operates, but it continues to reduce the rate of new supply, making it a key metric watched throughout Bitcoin’s cycles.
BTC has returned to the long-term moving average.
In terms of market performance, CoinMarketCap data shows Bitcoin trading at $86,099, up 0.86% over the past 24 hours, with an intraday high of $87,397—the highest level since late January 2026.
The article notes that BTC has once again risen above all long-term moving averages. For approximately the past 300 days, Bitcoin had been trading below these averages. Now that the price has returned above them, it suggests a recovery in the long-term trend.
Among these, Bitcoin closed above its 365-day moving average for the first time since March 2023. This moving average has frequently appeared during bull markets since 2019. The next key resistance zone currently under market focus is between $88,000 and $90,000.
ETF holding cost line turns positive again
Following the recent rally, the average holding position of Bitcoin spot ETF holders has returned to the profit zone. According to the report, the estimated cost basis for spot ETFs is approximately $81,722 per BTC, and BTC has once again risen above this level for the first time since January this year.
Additionally, Coinbase CEO Brian Armstrong previously stated that markets often experience a rally ahead of the next halving. He also noted that Bitcoin’s performance may remain strong over the next one to two years. Overall, the progression of the halving and the price’s recovery to key long-term technical levels are jointly supporting market sentiment.