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Bitcoin halving is approaching, set to cut miner rewards in half. This event can significantly impact mining profitability, potentially leading to a shakeout in the mining industry. Long-term, halvings are designed to reduce the rate at which new Bitcoin is introduced, maintaining scarcity and supporting long-term price stability. Investors and miners should brace for increased competition and volatility as the supply dynamics shift. Stay tuned for how this plays out in the coming months.