Bitcoin Mining Difficulty Rises Amid Declining Hashrate

Bitcoin's mining difficulty has recently surged by approximately 15%, while the hashrate has decreased over the past 90 days, according to NS3.AI. This situation is exerting pressure on miner revenues. Historically, periods of stress in mining margins have often been followed by significant Bitcoin price recoveries within the subsequent three months. However, macroeconomic factors and ETF investor flows continue to have a strong impact on short-term price movements.