Crypto market analytics platform CryptoQuant believes the effects of Bitcoin halvings have been diminishing and that the upcoming event will have an even smaller impact on BTC’s value.
In the latest edition of the firm’s weekly crypto report, analysts said the effect of the halving has been reducing because the new issuance of BTC keeps getting smaller in relation to the number being sold by long-term holders, signaling that demand will be the key driver of prices post-halving.
Bitcoin Halving Effect on a Decline
According to the report, Bitcoin monthly issuance has fallen to 4% of the total BTC supply available. Before the first, second, and third halving events, Bitcoin issuance represented 69%, 27%, and 10% of the available BTC supply. Last year, Bitcoin issuance averaged 28,000 per month, compared to the 417,000 BTC offloaded by long-term holders within the same timeframe.
Demand from permanent BTC holders has also surpassed issuance for the first time in history, with this coh
We współpracy z: https://cryptopotato.com/heres-why-the-effect-of-bitcoin-halving-is-diminishing-according-to-cryptoquant/
