A new milestone has just been reached for Bitcoin.
More than 20 million $BTC have now been issued by the network.
That means over 95% of the total supply that will ever exist is already in circulation.
When Satoshi Nakamoto launched Bitcoin in 2009, the rules were clear from the start: the supply would be permanently capped at 21 million coins.
Seventeen years later, the system has entered the final phase of that issuance schedule.
The symbolic block that pushed the supply past 20 million was block 939,999, mined on March 9, 2026, by the mining pool Foundry USA.
At this stage, the block subsidy stands at 3.125 BTC, following multiple reward reductions over the years.
What makes this moment particularly important is how the issuance curve changes from here.
The first 20 million BTC were mined in less than two decades.
The last 1 million, however, will take more than 100 years to be released.
This happens because the block reward is periodically reduced during the well-known Bitcoin Halving, an event that occurs roughly every four years.
The next one is expected in 2028, cutting the reward in half once again.
At the same time, demand for #Bitcoin continues to grow.
Corporations are increasingly adding BTC to their balance sheets, and spot ETFs have been attracting renewed inflows.
This combination slowing supply and expanding demand is why many observers describe this phase as the beginning of the “last million era.”
A common question naturally follows:
What happens once the final bitcoin is mined around 2140?
The network will not stop.
Even after all 21 million coins are issued, miners will continue validating transactions and securing the blockchain.
Instead of relying on block subsidies, their revenue will come primarily from transaction fees paid by users.
In other words, Bitcoin’s economic model will shift but the network will keep running.
Crossing the 20 million mark doesn’t mean the end of the story.
It simply highlights how Bitcoin’s programmed scarcity is steadily becoming a reality.
#BitcoinDunyamiz
Stablecoin launches are skyrocketing:
Western Union is the latest Fortune 500 company to launch a stablecoin, $USDPT, as volumes have skyrocketed.
This follows Fidelity's first stablecoin launch, Fidelity Digital Dollar, $FIDD, for retail and institutional investors.
As a result, the market cap of stablecoins on Solana has risen to $15 BILLION.
However, when you zoom out, they are all the same product: peg to the dollar, back with reserves, and keep the yield.
As a result, competition is growing with innovative stablecoins looking to return yield back to the ecosystem, such as the recent launch of Jupiter's $JUPUSD.
As big players pile in, the stablecoin market is being disrupted.
$BTC
When in doubt, zoom out.
My bear market bottom target:
• $49k specific target (not a range).
• $32k-$60k range target (see pink box).
Time frame: Within last half of 2026.
Some people don't like to hear ranges, so I gave my specific target if I had to make one.
But a range is more realistic as no one has a crystal ball. As such, I can realistically see BTC bottoming anywhere in the $32k-$60k zone. It's currently broad because there are many variables and also a lot of time time to go.
We can hone-in more as we get more chart data and as time moves forward, further analyzing the TA, feeling out sentiment and bearish news events. But this is my honest answer right now.
If we’re *extremely lucky* then maybe $BTC will get a double bottom at $60k and just range sideways for an extended period of time before heading up again. That is not my base scenario. I give it like a 20% chance. I hope it happens though.
I am a long term bull at heart, but I also try to be realistic with the short term moves as BTC can be very volatile.
Heatmaps are something anyone can see and read, but they are not reliable for determining the long-term direction of the market.
They are only useful for short-term trading, and even then only if the trader already understands price charts well. On their own, heatmaps are useless.
In fact, heatmaps are often manipulated.
You might see a huge buy wall, but as soon as the price gets close to it, the order suddenly disappears because it was just a trap.
That’s why heatmaps alone are not enough.
They cannot be used to determine the long-term market trend. At best, they might help you estimate the direction for the current week, and even then they must be combined with other tools.
Anyone who tried to use them to predict a market bottom, a top, or even the direction for the next three months has failed and ended up stuck in losing positions.
$BTC
$BTC is above the gamma flip.
Spot: $68,920
Gamma flip: $67,512
Max gamma: $75,000 = primary magnet / pin
Put wall: $60,000
Call wall: $75,000 =
Net gamma: +$47M = modestly positive, but not enough to fully pin price
Realized vol (30d): 53.0% = volatility is still high, but lower than before
Key date:
Mar 27: 37.0% of total gamma expires
This is absolutely insane:
By 2:10 PM ET today, the S&P 500, $SPY, $675 strike calls had fallen to a low of $0.02 per contract, effectively worthless.
Then, at 3:20 PM ET, President Trump said the Iran war is "very complete," sending the S&P 500 soaring.
By 3:30 PM ET, 10 minutes later, these same calls were trading at $4.95 per contract, up +24,650%.
In other words, $1,000 invested in these calls at 2:10 PM ET was worth $247,500 just 80 minutes later.
We are witnessing historic volatility.