This important date represents a milestone for the crypto community, as this day marks the time since the completion of Bitcoin’s fourth mining reward half. Following this critical turning point in 2024, the changes and impacts occurring in the Bitcoin market began to attract wider attention.

In the shadow of events such as the appearance of Republican presidential candidate Donald Trump at the Bitcoin conference in Nashville, the crypto community does not fail to remember this historical milestone.

While July 29 marks the 100th day that the fourth mining reward half of the Bitcoin blockchain was completed, new research on the effects of the slowdown in Bitcoin supply following this event attracts attention.

ETC Group’s research shows that this halving effect usually begins to become evident after 100 days.

Bitcoin mining reward halving is a built-in code mechanism that kicks in every four years or after 210,000 blocks have been mined on the blockchain.

This four-year event reduces the reward miners receive for validating transactions by 50 percent. The main purpose of the mining reward half is to keep the Bitcoin supply under control and ensure that it does not become scarce over time.

This acts as a hedge against the ever-increasing supply of fiat currencies. While fiat currencies can be continually minted more due to economic growth and inflation, Bitcoin’s supply is capped at 21 million. Prize halves help manage how quickly this limit is reached.

The first halving occurred in 2012, which reduced the reward paid to miners per block from 50 BTC to 25 BTC. During the two halvings that followed, the reward amount per block dropped to 6.25 BTC.

Finally, the most recent halving, which took place on April 20, 2024, further reduced the reward amount to 3,125 BTC. These processes led to large fluctuations in Bitcoin price, and often these gains became more pronounced after the first 100 days.

Andre Dragosch, head of research at ETC Group, explained how this relates to historical data. After examining the performance data of the previous three halving events, Dragosch observed how the Bitcoin market reacted to these events.

Research has revealed that 100 days after the halving, average excess performance increases significantly and this increase becomes statistically significant. It was stated that this increase was evaluated by a measurement called “T-values” and that these values ​​exceeded 2 percent.

T-value is a statistical term used to measure how far the mean of a sample is from the population mean, stabilized by the variability of the sample.

“The key takeaway is that 100 days after the Halving, the performance difference becomes statistically significant (T-value > 2) and then becomes increasingly significant until approximately 400 days after the Halving,” Dragosch said.

These charts show that average excess performance rose to over 100 percent 100 days after the Halving and reached quadruple digits over time. This data can help investors and analysts predict future movements in the Bitcoin market.