Miners can't hold on anymore, a large-scale withdrawal of hash power.

CryptoWorld News reports that according to Galaxy Research, the Bitcoin network recently experienced its 11th largest difficulty adjustment, with mining difficulty decreasing from 138.96 trillion to 124.93 trillion, a drop of 10.09%. This adjustment is the second-largest decline this year, mainly due to weak Bitcoin prices in early June, which squeezed miner profits and forced some hash power offline. Additionally, electricity resources are gradually shifting from Bitcoin mining to high-performance computing and artificial intelligence data centers. The current average Bitcoin block time is 13.23 minutes, which is 3.23 minutes slower than expected. This adjustment is expected to provide some relief to active miners, with Bitcoin output per unit of hash power projected to increase by over 9%. The next difficulty adjustment is expected to occur on Thursday, with current estimates indicating a further significant decrease of 24.43%.