Bitcoin Miner Stress Falls to 2026 Low, Difficulty Drops 10.09% in June

BTC-0.92%
According to CryptoQuant contributor gaah_im, the Miner Cycle Stress Composite fell to a new 2026 low and entered its undervalued range in June. The gauge combines the Puell Multiple and an inverse miner capitulation measure to track operational stress. Bitcoin mining difficulty fell 10.09% at block 953,568, dropping from 138.96 trillion to 124.93 trillion, marking one of the largest downward adjustments in Bitcoin's history. CoinShares previously estimated that 15% to 20% of the global mining fleet was unprofitable at current hashprice levels.
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