@wulandos20
The halving’s impact on Bitcoin extends beyond miner rewards. Historically, halvings compress supply issuance, but the true driver is demand. This time, ETF inflows add a structural demand shock layered on top of shrinking supply. The result could be a supply crunch unlike previous cycles. Investors paying attention to on-chain flows will notice long-term holders accumulating steadily, leaving fewer coins liquid in the market.
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