Bitcoin’s fourth halving in April 2024 (at block 840,000) slashed the Bitcoin mining block reward from 6.25 BTC to 3.125 BTC. Now, in late 2026, More than halfway toward the fifth halving in 2028, the structural shockwaves of that issuance cut are fully visible across global liquidity, miner balance sheets, and altcoin market rotations. Understanding the mid-cycle phase of Bitcoin’s halving economy is critical whether you are operating ASIC mining hardware, rotating BTC profits into…