Bitcoin is on track for its fifth halving event, expected around April or May 2028, as the network has moved below the 100,000-block countdown. The halving will occur at block 1,050,000, reducing the miner block subsidy from 3.125 BTC to 1.5625 BTC. This event will further decrease Bitcoin's annualized inflation rate from approximately 0.85% to 0.4%, aligning with its monetary design to limit new issuance until the total supply reaches 21 million coins. The upcoming halving will be the first full cycle influenced by spot Bitcoin exchange-traded funds (ETFs), which have become significant for institutional and retail investors. Analysts suggest that ETF demand could play a more crucial role than the halving itself in shaping market dynamics. Meanwhile, Bitcoin is trading near $77,316, with key support around $75,000 to $76,000. Market observers are also considering the impact of U.S. crypto regulation, such as the CLARITY Act, on Bitcoin's future price trajectory.