Bitcoin’s mining landscape is showing clear signs of stress as network difficulty records its largest downward adjustment since 2021. The sharp drop reflects a wave of miners shutting off machines or exiting entirely, squeezed by declining profitability, higher operating costs, and prolonged price pressure. As inefficient miners step aside and difficulty adjusts lower, the stage is set for consolidation across the mining sector. What Miner Capitulation Says About Near-Term Bitcoin Sentiment One of the most telling signals in the market is happening right now
source: https://www.newsbtc.com/bitcoin-news/bitcoin-miners-are-exiting/