Huo Xing Finance reports that Bitcoin has completed its latest difficulty adjustment at block height 953,568, with a reduction of -10.09% (from 138.96 TH/s to 124.93 TH/s), marking the 11th largest single difficulty drop in history and the second-largest decline since 2026. Additionally, this adjustment cycle lasted approximately 15.6 days, significantly exceeding the theoretical target of 14 days, indicating a temporary withdrawal of hashing power from the network. Analysis suggests that a roughly 15% price correction in June compressed miners' profit margins, prompting some miners to exit the network and triggering this notable difficulty reduction, thereby restoring mining difficulty to a more balanced level.
Bitcoin mining difficulty drops 10.09%, the second-largest decline since 2026.
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Summary
Bitcoin news: The latest difficulty adjustment at block height 953,568 resulted in a 10.09% decrease (138.96T → 124.93T), the second largest since 2026. The 15.6-day adjustment cycle indicates a decline in hash rate. Bitcoin analysis shows that the June price correction reduced miner profits, prompting some hash power to exit the network and triggering the drop.
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