Bitcoin mining difficulty decreased by 10.09%, marking one of the largest single reductions since 2026

Bitcoin has completed its latest difficulty adjustment at block height 953,568, with a decrease of -10.09% (138.96T → 124.93T), marking the 11th largest single adjustment in history and the second largest drop since 2026. Additionally, this adjustment cycle lasted approximately 15.6 days, significantly higher than the theoretical target cycle of 14 days, reflecting a recent phase of mining power going offline.

Analysis suggests that the approximately 15% price correction in June compressed miners' profit margins, leading to some mining power exiting the network, which triggered this significant adjustment and brought mining difficulty back to a balanced level.