On-chain analysis platform Glassnode took a historical look at the potential impact of Bitcoin (BTC) halving.
In the report shared by Glassnode on April 17th, they mentioned the possible effects of Bitcoin halving. Historically, it indicated that Bitcoin halvings can have a positive effect on price, but highlighted that due to changes in conditions this time, the impact might be different.
The information presented in the report included that Bitcoin surged more than 1,000% in the first halving, 200% in the second halving, and 600% in the third halving process.
On the other hand, with the approval of Bitcoin ETFs in the US, it was suggested that the market conditions have changed, and the upcoming halving might have less impact on price compared to the past:
Compared to past halvings, Bitcoin’s market dynamics have matured significantly and potentially reduced the direct impact of new Bitcoin issuance on market prices. This change is mainly due to the increasing institutional demand and widespread adoption of Bitcoin ETFs.
The Bitcoin halving is expected to take place on April 19th.
