Binance has announced that the number of blocks remaining until the next Bitcoin halving has dropped below 100,000, signaling a new milestone in the currency’s supply schedule. According to data from OKLink, there are currently 93,638 blocks left until the upcoming event on the Bitcoin network.
Halving timeline becomes clearer
A Bitcoin halving takes place every 210,000 blocks, each time cutting the block reward miners receive by 50 percent. Current projections point to the next halving occurring around April 12, 2028. This marks an important transition in the network’s ongoing supply management, as the pace of new BTC creation continues to slow with each halving event.
The network’s latest milestone shows significant progress in Bitcoin’s cycle since the last halving. With issuance rates gradually decreasing as part of Bitcoin’s supply program, the amount of new BTC to be generated continues to shrink.
In a statement posted on its official X account, Binance confirmed that the number of blocks remaining until the next Bitcoin halving has now fallen below 100,000.
Majority of total supply in circulation
Currently, there are approximately 20.05 million Bitcoins in circulation, making up 95.47% of the maximum capped supply of 21 million BTC. As a result, only about 950,000 Bitcoin are expected to be mined over the next century as issuance slows further due to the protocol’s limitations.
Analysts estimate that the very last Bitcoin will not be mined until around the year 2140. Due to its code-driven fixed supply model, the Bitcoin network stands out as a unique system for predictable and deflationary currency issuance.
Price performance lags previous cycles
Since the last halving in April 2024, Bitcoin has lost roughly 3.1% in value, slipping from around $64,000 to below $62,000. After reaching an all-time high of approximately $126,000 in October 2025, the cryptocurrency has plunged more than 51% amid persistent selling pressure over the past several months.
Market observers note that, compared to earlier cycles, Bitcoin’s post-halving performance has been notably weak. Institutional outflows and waning risk appetite have pushed the price down as low as $57,717 on July 1.
Analysts highlight that Bitcoin has displayed a lower return trend after the halving compared to previous cycles.
Bounce follows macro data release
In the latest 24-hour period, Bitcoin rebounded by 5.22% to reach $61,715, with renewed buying momentum evident across the broader cryptocurrency market.
The rally was sparked by below-expectation labor data released from the United States. June’s nonfarm payrolls, seasonally adjusted, rose by 57,000 — far short of May’s 129,000 increase and well below the Dow Jones estimate of 115,000. These figures have fueled expectations that the US Federal Reserve may remain cautious about further interest rate hikes in the near term.
