Galaxy Research: Bitcoin Miners Have Entered Capitulation Stage, Mining Difficulty Down Over 20% from Peak

Odaily Odaily星球日报讯 Galaxy Research stated on platform X that Bitcoin miners have entered the "capitulation stage."

Galaxy Research points out that the current Bitcoin mining difficulty has dropped by over 20% from its all-time high, marking the largest difficulty retracement since 2021. It believes that a significant decline in mining difficulty usually indicates that some miners are exiting the network due to profitability pressures, and the market is currently in a phase of hash rate adjustment.