Sixty days post-Bitcoin halving, miners' income structure shifts significantly, impacting supply and demand. The halving cuts block rewards by 50%, reducing daily Bitcoin issuance from ~900 to ~450 BTC, tightening supply. Miners' revenue, previously reliant on block subsidies, drops, forcing reliance on transaction fees, which may rise due to increased network activity. Less efficient miners may exit, reducing hash rate temporarily, but surviving miners often upgrade to efficient rigs, stabilizing the network. Historically, reduced supply and steady or growing demand—amplified by ETF inflows and institutional adoption—drive price increases, as seen in past cycles with 700-8,000% market cap growth. However, short-term volatility is common, and price surges often lag 6-18 months. Miners holding BTC may sell less, expecting appreciation, further constraining supply. This dynamic enhances Bitcoin’s scarcity, potentially boosting demand if market sentiment remains bullish.