TL;DR
- Bitcoin’s halving progress has reached 61%, putting the network closer to its next scheduled supply reduction in 2028.
- The upcoming event is expected to cut the mining reward from 3.125 BTC to 1.5625 BTC per block.
- Meanwhile, BTC has recovered above $86,000, while US spot Bitcoin ETFs recorded nearly $1 billion in daily inflows, adding fresh institutional demand to the market.
The Bitcoin halving clock has reached 61%, giving investors another reference point as the cryptocurrency advances toward its next major supply milestone. The update was shared by Bitcoin on-chain and cycle analyst Root on X, highlighting how much of the network’s current four-year cycle has already elapsed.
The next Bitcoin halving is currently expected around April 2028. At that event, the mining reward will fall from 3.125 BTC to 1.5625 BTC per block. Data cited from OKLink places the estimated date around April 13, 2028, with roughly 109,000 blocks remaining.
Halving progress 61%. #Bitcoin pic.twitter.com/XGU3mOO32n
— Root 🥕 (@therationalroot) September 22, 2026
Bitcoin Halving Progress Meets Renewed Market Demand
The approaching halving is gaining attention while Bitcoin has entered a stronger phase of price recovery. BTC climbed above $86,000 on September 21, reaching its highest level since January, while US spot Bitcoin ETFs registered approximately $999 million in net inflows during the same session. BlackRock’s IBIT led with about $381 million, followed by ARKB and FBTC with $289 million and $239 million respectively.
This combination gives the halving countdown additional relevance. Unlike previous cycles, regulated US spot Bitcoin ETFs now provide a direct channel for institutional exposure. The latest inflows also pushed the three-day total close to $1.6 billion, showing that demand has strengthened alongside the recent price recovery.
Coinbase CEO Brian Armstrong has also pointed to the next halving when discussing Bitcoin’s medium-term trajectory. In September, Armstrong said he expected BTC to trend higher over the next one to two years as the market moves toward the event, noting that Bitcoin has historically experienced price run-ups before halvings.
Scarcity Remains Central To Bitcoin’s Long-Term Design
The halving mechanism remains one of Bitcoin’s defining monetary features because it reduces the rate at which new BTC enters circulation. Since the 2024 halving, miners have received 3.125 BTC per block, down from 6.25 BTC previously. The 2028 reduction will further tighten new supply as network adoption and demand continue to develop.
The 61% reading therefore does not represent a guaranteed price signal. Instead, it marks another stage in Bitcoin’s predetermined issuance schedule. With BTC recently reclaiming levels above $86,000 and ETF demand accelerating, market participants now have both a long-term supply milestone and stronger institutional flows to monitor.
