Bitcoin just completed its largest negative difficulty adjustment since the 2021 China mining ban. A 11.2% drop has just gone live! Why did it happen? Winter Storm Fern: Massive outages in the U.S. forced large-scale miners to power down to stabilize the energy grid. Profitability Squeeze: With BTC price cooling around $71,000 and energy costs rising, older hardware is being turned off. The Silver Lining: For the miners still online, competition is now much lower. This "difficulty drop" acts as a self-correcting safety valve, ensuring the network remains stable and profitable for the remaining participants. Historically, such massive drops often signal a market bottom and the start of a recovery. #Bitcoin #BTC #CryptoNews #Blockchain #Resilience
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#BTCMiningDifficultyDrops 📉
Bitcoin just completed its largest negative difficulty adjustment since the 2021 China mining ban. A 11.2% drop has just gone live!
Why did it happen?
Winter Storm Fern: Massive outages in the U.S. forced large-scale miners to power down to stabilize the energy grid.
Profitability Squeeze: With BTC price cooling around $71,000 and energy costs rising, older hardware is being turned off.
The Silver Lining: For the miners still online, competition is now much lower. This "difficulty drop" acts as a self-correcting safety valve, ensuring the network remains stable and profitable for the remaining participants. Historically, such massive drops often signal a market bottom and the start of a recovery.
#Bitcoin #BTC #CryptoNews #Blockchain #Resilience