Most traders are focusing on price.
I'm watching miners.
Bitcoin mining difficulty just dropped over 10%, one of the largest downward adjustments in recent history.
The market sees weakness.
I see the network doing exactly what it was designed to do.
When inefficient miners are forced offline, difficulty adjusts lower and profitability improves for the strongest operators.
The real question isn't whether difficulty fell.
The real question is whether miner stress turns into forced selling pressure over the coming weeks.
Smart money will be watching miner behavior very closely.
BTC
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