Noticed an interesting movement on the Bitcoin network difficulty charts - it has dropped to the lowest point since 2021. This didn't happen by chance; it is driven by a wave of capitulation among miners who couldn't withstand the current conditions.

When Bitcoin network difficulty drops so sharply, it usually means that some miners have turned off their machines or exited the business. Electricity prices, equipment costs, competition — all of these are squeezing profitability. And the result: network difficulty has decreased to its lowest level in years.

Interestingly, this could be a good signal for the remaining players — it becomes easier for them to mine blocks until the difficulty adjusts. But overall, this shows that miners are currently in a tough situation. We will keep an eye on how the situation develops — whether Bitcoin network difficulty will recover or if the pressure will continue.