分析师：Bitcoin's network hashrate drops below annual average, potentially reflecting increased miner pressure

Odaily News, CryptoQuant analyst Darkfost posted on X platform, stating that Bitcoin's network hashrate has fallen below the annual average level. The last time a similar situation occurred was in 2021. This change does not pose a significant risk to the Bitcoin network itself. However, since the winter storms in the United States this year, the network's hashrate has consistently operated below 1 ZH/s, reflecting intensifying competition among miners. Some mining companies may have already chosen to shut down or adjust their business models to improve profitability. Bitfarms' recent business adjustments serve as an example.