Miners Under Network Pressure

🔵On June 29, Bitcoin mining difficulty dropped by 7.48% to 116.96 T — the largest decrease in recent years. The network hashrate also fell to 799 EH/s, reflecting reduced mining activity. However, profitability has partially rebounded: hashprice rose to $58 per PH/s per day, returning to late May levels.

🔵Despite the pressure, miners are holding their ground. According to CryptoQuant, they have increased their reserves by 4,000 BTC since April, betting on long-term efficiency. Even early holders from the “Satoshi era” have resumed accumulation, signaling renewed confidence in Bitcoin’s future growth.