According to online reports, according to Charles Edwards, founder of Capriole Investments, since the halving event in April 2024, the energy value of Bitcoin has reached US$130,000. Compared with its energy value, Bitcoin's current price is equivalent to a 40% discount (40% lower). "Energy Value" is a model designed to measure Bitcoin's "fair value" as a function of the amount of energy used by miners 'machines around the world to produce Bitcoin. CryptoQuant data shows that more than 8,756 bitcoins (worth approximately $830 million at the time market price) were transferred from the Coinbase exchange on April 24. Binance also experienced an outflow of 27,750 bitcoins on April 25, which Alphractal founder Joao Wedson pointed out as "the third largest bitcoin outflow event in the history of the exchange."