Binance said on its official X account that the number of blocks left until Bitcoin’s next halving has dropped below 100,000. Based on current estimates, the event is expected around April 12, 2028. Bitcoin undergoes a halving every 210,000 blocks, cutting the block reward paid to miners by 50% each time.
The update offers a clearer marker in Bitcoin’s supply schedule following the last halving. As each cycle passes, the rate of new BTC issuance slows, and the amount of fresh supply entering circulation keeps shrinking. That mechanism remains central to how the network manages long-term issuance.
Most of Bitcoin’s capped supply is already circulating
There are currently about 20.05 million BTC in circulation, equal to 95.47% of Bitcoin’s maximum supply cap of 21 million. At the current pace, only about 950,000 BTC are expected to be mined over the next century as issuance continues to decline under the protocol’s rules.
Analysts estimate that the final Bitcoin will not be mined until around 2140. With its fixed supply and code-based issuance model, Bitcoin remains one of the few monetary systems where the long-term supply path can be projected with relatively high precision.
Post-halving price action has trailed earlier cycles
Since the last halving in April 2024, Bitcoin has fallen roughly 3.1%, slipping from around $64,000 to below $62,000. After climbing to an all-time high of about $126,000 in October 2025, the asset later dropped more than 51% as selling pressure persisted over recent months.
Market watchers said Bitcoin’s returns after this halving have been weaker than in prior cycles. Institutional outflows and softer risk appetite pushed the price down to $57,717 on July 1. Analysts also said the return profile after the current halving has come in below what earlier cycles delivered.
Bitcoin rebounds after weaker US labor data
Over the latest 24-hour period, Bitcoin rose 5.22% to $61,715, with buying interest returning across the broader crypto market. The move followed the release of fresh macro data from the United States.
US June nonfarm payrolls, seasonally adjusted, increased by 57,000. That was below May’s 129,000 gain and also under the 115,000 estimate from Dow Jones. After the data, expectations eased that the Federal Reserve would press ahead with more rate hikes in the near term, and Bitcoin moved higher.