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Concepts
Halving
BTC mining-reward cut in half every ~4 years (every 210,000 blocks)
What is Halving?
Protocol-encoded supply-shock event. Latest: April 2024 (3.125 BTC/block). Historically followed by bull markets (supply cut + same demand). Next: April 2028 (1.5625 BTC). Final BTC mined ~2140.
Context anchor
Marked on Stock-to-Flow chart on /charts/.