Bitwise: Judging from historical data, the market tends to underestimate the long-term impact of Bitcoin halving

Mars Finance News, Bitwise Asset Management stated that historically, BTC price trends tend to be unsatisfactory in the month after halving. In an article on April 16, Bitwise pointed out that BTC price action was flat in the month after the previous three halvings, but in the following year, its price rose by at least triple digits.

Among them, BTC rose 9% in the month after the 2012 halving, but over the next year it surged 8,839%. A similar situation occurred during the 2016 halving: BTC fell 10% a month later and rose 285% in 2017, reaching a peak of $20,000; similarly, in the month after the 2020 halving, BTC rose 6 %, then rose 548% over the next year. Bitwise wrote: "The data is limited, but the picture (pictured) reveals an interesting pattern, where market prices tend to underestimate the long-term impact of halvings."