Dynamic balance after BTC halving: mining machine shutdown price rises to $55,000, and large coin holders grow rapidly

1. Bitcoin successfully completed its fourth halving on April 20, with the block reward dropping to 3.125 BTC, causing a sharp drop in miners' income in the short term.
2. After the reduction, the circulation rate of on-chain tokens dropped by 23%, the number of large holders increased significantly, and the proportion of losing chips increased from 1.28% to 15.18%.
3. Miners are facing great revenue pressure. The current total daily mining income has dropped to US$26.4871 million, a 51.63% drop from the average daily income before the halving this year.
4. Assuming that the transaction fee income remains unchanged, the coin price needs to reach US$94,489.82, or the number of transactions needs to reach 1.6737 million times, in order to achieve the average daily income level before the halving.
5. The demand side of Bitcoin is still weak, with Runes and other data falling, but the development of Layer 2 and DeFi may stimulate more demand for use.