⛏️$BTC mining difficulty drops sharply…
Last Saturday, Bitcoin’s mining difficulty fell by about 11%, marking the largest decline since July 2021…
Back then, the crash was driven by China’s sweeping ban on mining, which caused thousands of mining farms to go offline almost simultaneously.
The current drop suggests that a portion of miners has once again exited the network pressured by low BTC prices, shrinking profitability, and rising operating costs.