The number of blocks remaining until Bitcoin's next halving has fallen to below 100,000.

On July 2 (local time), blockchain outlet U.Today reported that Binance said on its official X account that the remaining blocks until the next Bitcoin halving had dropped below 100,000.

Based on the OKLink explorer, 93,638 Bitcoin blocks remain until the next halving. Bitcoin's halving occurs once every 210,000 blocks, typically cutting mining rewards by 50 percent about every four years. Based on the current pace, the next halving is presented as being expected on April 12, 2028.

On the supply side, issuance capacity is also shrinking quickly. Bitcoin's circulating supply stands at 20.05 million BTC, or 95.47 percent of the 21 million BTC maximum. Only 950,000 BTC remains that can be issued over the next about 100 years.

In the market, the possibility is being discussed that the final Bitcoin will be mined around 2140. This reflects a structure in which mining rewards decline as halvings repeat, feeding into the long-term supply schedule.

Price moves are showing a different picture from halving expectations. Bitcoin has fallen about 3.1 percent since the April 2024 halving, dropping from about $64,000 then to below $62,000 recently. Bitcoin hit an all-time high of about $126,000 in October 2025, but selling pressure continued for several months afterwards, pushing it down more than 51 percent from the peak.

Based on recent moves alone, returns since this halving are weaker than in previous cycles. Bitcoin fell to $57,717 on July 1, setting a new low again. Institutional outflows were also cited as a factor behind the decline by weighing on investor sentiment.

Still, a short-term rebound also appeared. Bitcoin rose 2.17 percent over 24 hours to the $61,000 range. As major cryptocurrencies rebounded broadly, Bitcoin also joined the uptrend.

Macro factors also influenced the market. June nonfarm payrolls rose by just 57,000 on a seasonally adjusted basis. That was lower than May's 129,000 increase and also below the Dow Jones forecast of 115,000. Investors digested the weaker-than-expected jobs data and judged that the U.S. Federal Reserve may not need to rush to raise interest rates, and that mood led to a broader rebound in the cryptocurrency market.

Bitcoin has entered a countdown toward the next halving based on its supply schedule, but its short-term price appears to react more sensitively to institutional flows and macro data. The market is watching how halving expectations, actual supply and demand, and changes in the interest-rate environment will combine going forward.

The next Bitcoin halving is now <100,000 blocks away.