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## Increased Interest in Bitcoin Halving Event

With the Bitcoin halving event looming less than 12 hours away, online engagement and curiosity surrounding the event have surged dramatically, as reported by blockchain analytics platform Santiment.

Santiment’s meticulous monitoring of social volume and dominance regarding the halving event has revealed a notable spike in interest, with volume reaching its second-highest level ever and dominance attaining a new peak at 3.87% of all crypto-related social activity.

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## Fluctuating Interest and Potential Impact

Throughout the current year, interest in the halving event has experienced fluctuations, with significant peaks in volume during February and March, followed by a steady rise throughout April. Surprisingly, the event’s dominance in the broader crypto discourse remained minimal until the past week. The interest has now doubled over the past seven days, coinciding with a drop in Bitcoin’s price from above $70,000 to as low as $59,000.

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## Varied Engagement Across Social Platforms

Interestingly, engagement with the halving event differs across various social platforms. While mentions on Telegram have decreased by 90% compared to the last halving in 2020, Reddit has seen a consistent uptick in halving-related conversations, surpassing the 2020 peak multiple times in 2024. However, Reddit mentions have recently declined and are approximately half the level observed the day before the 2020 halving.

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## Distinct Patterns on Twitter and Bitcointalk Forums

Twitter exhibits a unique pattern in halving-related activity, experiencing spikes in engagement in May 2022 and June 2023 before a recent surge in the past few days. While Twitter mentions have not yet reached the levels observed in 2020, they are within a 10% range. On the other hand, Bitcointalk forums have displayed sustained yet modest interest in the halving, with less than half the engagement witnessed in 2020.

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## Google Trends and Overall Conversation Impact

Despite the total number of halving-related discussions failing to reach the feverish excitement of past halving events, it now constitutes a more significant portion of the conversation than ever before. Moreover, in a global context, Google Trends indicates that interest in the Bitcoin halving is set to break all previous records by a substantial margin.

As of the latest update, Bitcoin has surged approximately 7%, trading at around $64,000 as the halving event draws near. The heightened interest and engagement surrounding the halving event underscore its significance in the cryptocurrency community and beyond.

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