The bitcoin halving cycle is already halfway through, with the price increase lagging behind previous cycles.

According to ChainCatcher, citing a report from CoinDesk, the current Bitcoin halving cycle is over halfway complete. The block reward has dropped to 3.125 BTC, the inflation rate is below 1%, and total supply continues to approach the fixed cap of 21 million units.

Since the 2024 halving, Bitcoin's price has increased by about 15%, a lower rate compared to previous halving cycles. This reflects gradually decreasing price volatility as Bitcoin adoption rises and the market matures. The current cycle is expected to conclude in 2028, with halving events occurring every 210,000 blocks, approximately once every four years.

Data shows that Bitcoin reached an all-time high of around $126,000 in 2025, later retracing to $60,000. Recently, the price has recovered to nearly $75,000. The current market focus is that if the price breaks above $75,500, it could trigger the liquidation of about $200 million in short positions, further driving price movement.