Post-Halving Twist: Why Bitcoin’s Actual Supply May Be Lower Than Expected
Bitcoin is currently trading at $94,014, reflecting a 5% increase in 24 hours and over 20% in two weeks, recovering from a low of $74,000. Following last year's Halving event, interest in Bitcoin has surged. Insights from CryptoQuant analyst Carmelo Alemán reveal discrepancies between theoretical and actual Bitcoin mining output. The expected daily output post-Halving is approximately 450 BTC, based on a block reward reduction from 6.25 BTC to 3.125 BTC. However, Alemán's analysis indicates that actual mining often yields fewer coins due to factors like slower block times and network congestion. These findings emphasize the importance of on-chain metrics for understanding Bitcoin's supply dynamics, which can impact market models and miner profitability. Monitoring real-time blockchain activity provides a clearer picture of Bitcoin's circulating supply compared to theoretical projections.
