BlockBeats news, on June 14, according to Galaxy Research monitoring data, the Bitcoin network completed its latest difficulty adjustment at block height 953,568, with the difficulty decreasing from 138.96T to 124.93T, a reduction of 10.09%, marking the 11th largest single adjustment in history and the second-largest decline since 2026.
Data shows that this adjustment cycle lasted 15.6 days, significantly exceeding the protocol’s target cycle of approximately 14 days. Research indicates that Bitcoin’s price fell by about 15% cumulatively in June, compressing miners’ profit margins and forcing some hashpower offline, which led to a decline in the network’s total hashrate and triggered a difficulty adjustment.
Galaxy Research believes this adjustment reflects the typical pressure transmission mechanism among miners during a price downturn—price decline → hash rate exit → difficulty reduction—within a dynamic equilibrium process.