According to CoinMeta, as reported by Cryptonews, Bitcoin halving refers to the reduction of the block reward received by miners after every 210,000 blocks. This mechanism has been built into the protocol since Satoshi Nakamoto released the original code in 2009. Halving is not an unexpected event, but rather a pre-programmed process designed to alter the supply dynamics. After each halving, the number of new coins entering the market decreases, while demand is determined by various factors such as institutional adoption, regulatory changes, macroeconomic conditions, and speculative sentiment. Although there has been a significant price increase after each halving in history, this does not mean that a halving necessarily leads to a price rise. The market's reaction is often influenced by a variety of external factors. The current total supply of Bitcoin is limited to 21 million coins, and it is estimated that the last Bitcoin will be mined in 2140. Each halving reduces the annual issuance rate, affecting miners' incomes. Despite the reduced rewards, the network's computing power continues to grow, indicating that miners are adapting to this change.