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BTC difficulty to adjust over weekend as miners capitulate

3 d ago2 min readMining
BTC difficulty to adjust over weekend as miners capitulate

Following back-to-back difficulty negative or neutral adjustments, it is possible that Bitcoin hash rate and difficulty may have topped. However, the difficulty is expected to adjust down again over the weekend, bolstering expectations that the hashrate has peaked.

The following highlights the percentage of spent Bitcoins from miners over a 30-day window. The blue section, which has peaked at its highest level since 2021, depicts the number of coins sold by miners. The volume of Bitcoins sold by miners over the past 30 days is the fifth-largest outflow in Bitcoin’s history.

Miners’ balances are also trending downward, however, not currently at a worrying velocity. The discrepancy between spent Bitcoins and Miner balance suggests mining companies may be selling newly mined coins to cover costs.

Also known as Akiba, Liam is a journalist and editor of Blocklight at CryptoSlate. He believes that decentralized ledger technology has the potential to make widespread positive change. He predicts the next 10 years will bring in a dawn of a new age of technological innovation.

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