Bitcoin mining difficulty has just experienced a 11.16% decrease. The market is full of wailing, worried about a decline in network security or the escape of computing power, but what I see is an extremely greedy opportunity.
The logic behind this data is very cruel and clear: miners have surrendered.
The adjustment of mining difficulty means that, in the current price environment, high-cost old mining machines can no longer cover electricity costs and are forced to shut down. This is not a bad thing; it is the market automatically undergoing a 'metabolism.' When those small and medium miners who cannot withstand financial pressure leave the market, the continuous selling pressure generated to 'pay electricity bills' will significantly decrease.
Flipping through the historical K-line of $BTC , you'll find that 'miner surrender' is often one of the strongest resonance indicators at the price bottom. Every power retreat is a buildup for the next outbreak. The current market is undergoing the final stage of transferring chips from weak hands to strong hands. What remains are the whale mining farms with excellent cost control, and their willingness to hold coins far exceeds that of speculators.
The main players like to quietly accumulate when market sentiment is low and miners are shutting down. If you sell out of panic at this time, you will just become prey in their liquidity pool.
This reduction in difficulty may just be the pause button for this round of adjustment cycle. At this position, do you dare to stand against the majority and pick up those bloody chips?
