Bitcoin mining difficulty experiences the largest single adjustment since summer 2021, with the entire network's seven-day average hash rate dropping to 990.08 EH/s.

Bitcoin completed a new round of mining difficulty adjustment at block height 935424, with difficulty decreasing by 11.16% to 125.86 T, marking the largest single adjustment since summer 2021, and the tenth largest difficulty adjustment in Bitcoin history.

Currently, the network's seven-day average hash rate is 990.08 EH/s.

Data shows that over the past month, the total hash rate of the Bitcoin network has decreased by about 20%, with a roughly 11% drop just last week, falling to approximately 863 EH/s, significantly below the peak of about 1100 EH/s set in October last year.

Large-scale miner shutdowns have led the network into a noticeable period of hash rate contraction.

Miners are under great pressure—many are shutting down their operations → network hash rate declines → Bitcoin system is forced to lower mining difficulty.

This is a typical signal of miner capitulation: high-cost mining farms are forced to shut down, and the network self-corrects by lowering difficulty.

Historical experience suggests that significant difficulty reductions often occur in the later stages of a bull market, rather than at the peak.