Galaxy Research said in a post on X that Bitcoin miners have entered a “capitulation phase.” According to Odaily, the firm said Bitcoin mining difficulty has fallen more than 20% from its all-time high, marking the largest difficulty pullback since 2021.
Galaxy Research said a sharp decline in mining difficulty typically indicates that some miners are leaving the network due to profitability pressure, and that the market is in a period of hash rate adjustment.
Galaxy Research Says Bitcoin Miners Have Entered a Capitulation Phase
2026-06-21 05:33:58
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