Odaily Planet Daily reports: Bitcoin has completed its latest difficulty adjustment at block height 953,568, with a decrease of -10.09% (from 138.96T to 124.93T), marking the 11th largest single adjustment in history and the second-largest drop since 2026. Additionally, this adjustment cycle lasted approximately 15.6 days, significantly exceeding the theoretical target of 14 days, indicating a temporary decline in hash rate recently.
Analysis suggests that a price correction of approximately 15% in June compressed miners' profit margins, prompting some hashing power to exit the network and triggering this significant adjustment, bringing mining difficulty back to an equilibrium level.