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Does the Halving Directly Affect the Price of Bitcoin?

The halving does not directly change the price, as price is determined by market supply and demand. However, the reduction in new supply (a supply-side shock) often creates anticipation and narrative-driven demand.

Historically, halvings have preceded significant bull runs, but the relationship is indirect and complex, driven by market psychology and macroeconomic factors.

Historically, How Has the Bitcoin Price Reacted to Previous Halving Events?
How Does the Total Supply Cap of Bitcoin Relate to the Halving?
What Is the Process of ‘Trade Matching’ That Precedes CCP Clearing?
What Is a “Sandwich Attack” and How Does It Relate to MEV?