The Bitcoin network has just reached a crucial psychological and technical milestone. According to real-time onchain data, less than 100,034 blocks now separate it from the next halving. The latter is set at block 1,050,000 and expected in April 2028. News that is already triggering a race against time behind the scenes!
In brief
- Bitcoin fell below the 100,000 block threshold before the 2028 halving.
- The crypto market is already starting to anticipate the potential consequences.
- BTC miners could face significant economic pressure.
The 2028 supply shock is officially scheduled
THE halving is a mechanism written into the Bitcoin code. It halves the reward given to miners every 210,000 blocks.
According to the datathe scarcity clock is speeding up for the queen of cryptocurrencies. After going through the last halving in April 2024, the Bitcoin crypto network has indeed just reached block 950,000. Which begins the final countdown towards block 1,050,000 planned for 2028. At this precise moment, the reward granted to miners will increase from 3.125 BTC to 1.5625 BTC per block.
This news is of particular importance as the halving Bitcoin 2028 will be historically unique. Indeed, the previous halvings all took place before the large-scale existence of spot Bitcoin ETFs in the United States.
In other words, the halving 2028 will be the first to occur in an environment where institutional accumulation is not only present, but at historic levels. Besides, the figures speak for themselves:
- Strategy currently holds 843,738 bitcoins (the last acquisition was on May 18, 2026).
- BlackRock has 817,138 BTC in its reserve, or about 7.9% of the total cap of 21 million coins.
These heavyweights did not exist in the equation in previous cycles. And that changes everything!
An existential threat to bitcoin miners?
Historically, each halving Bitcoin caused short-term stress for the miners. It followed:
- either an elimination of the least effective actors;
- or a recovery in prices restoring profitability.
With a hash rate having reached record highs throughout 2025 and into 2026, competition heading into 2028 is at its most intense level on record.
For some crypto analysts, this could be just the beginning. The latest data indeed reinforces the scarcity of bitcoinand this, in an aggressive manner. Faced with institutional demand stimulated by ETFs, such a drop in daily production could cause liquidity to dry up on crypto exchanges.
The losers are therefore already obvious: the crypto miners undercapitalized. Long-term investors are observing this timetable with undisguised optimism.
Operators unable to reduce their production costs below the new reward parameters could experience margin compression, regardless of the bitcoin price level.
One thing is certain: bitcoin is gradually entering a new phase of its historical cycle. Of course, the 2028 halving is still far away. However, the unofficial launch of the countdown is already reigniting speculation about the future of the crypto market. And if history repeats itself once again, the next few years could become decisive for the flagship cryptocurrency.
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