Grayscale Investments reports the upcoming Bitcoin halving event is distinct due to recent regulatory approvals of spot Bitcoin ETFs, leading to mainstream adoption and potentially reducing selling pressure. The report highlights increased onchain activity and anticipates continued growth driven by developer interest and innovations on the Bitcoin blockchain. Miners have prepared by raising funds and selling reserves. Historical macro-economic events have previously driven investors towards Bitcoin. Analysts note a struggle for Bitcoin to surpass the $48,000 mark, with varying opinions on future price movements.