Bitcoin’s Fifth Halving Approaches With Under 80000 Blocks Remaining

Bitcoin is approaching its fifth halving, with fewer than 80,000 blocks remaining before the event. The halving, which occurs every 210,000 blocks or roughly every four years, reduces the block reward by 50%. The last halving in 2024 cut the reward from 6.25 BTC to 3.125 BTC, and the next one will shrink it further to 1.5625 BTC at block height 1050000.

As of October 5, 2026, about 61% of the blocks for this halving cycle have been mined. The supply change will be significant, dropping from 3.125 BTC to 1.5625 BTC per block. This will mark the last four-year span where miners receive a full bitcoin as a block reward, as the 2032 halving will reduce it to 0.78125 BTC.

Bitcoin’s supply squeeze will tighten further. Daily issuance will fall from 450 BTC to 225 BTC before the 2032 halving, reducing annual supply inflation to 0.4% by 2028, well below gold’s typical rate. The total number of BTC in circulation will reach around 20.34 million after the next halving, compared to the current 20,093,613.63 BTC.

Bitcoin’s price is currently around $86,000, and historically, prices tend to rise ahead of halvings. There are 55 days left until the T-500 period, which begins 500 days before the next halving. Some analysts believe this is an optimal timeframe to purchase BTC. The site btc500.net notes that the average return for completed T-500 windows was +1959%, though it emphasizes that this is not a forecast.

While many bitcoiners anticipate another price surge following the halving, skeptics argue that this cycle could break the pattern. Despite a shallow bear market, some die-hard BTC proponents claim the four-year cycle is already over or “dead.” Whether this prediction holds true remains uncertain.