According to ChainCatcher, citing market information, Galaxy Research stated on X that Bitcoin miners are “capitulating,” while Bitcoin mining difficulty has fallen by more than 20% from its all-time high. The firm said this marks the largest decline in mining difficulty since 2021.
Mining difficulty is the Bitcoin network mechanism used to regulate the pace of block production, adjusting in response to changes in overall network hash rate. The key points in Galaxy Research’s post are the scale of the decline—more than 20% from the historical peak—and the comparison with previous cycles, as this is described as the biggest difficulty drop since 2021.
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