Analysis: BTC hash rate has fallen approximately 15% from the October high, and short-term market supply pressure may increase.

MarsBitNews · 2026-01-19T13:26:09+00:00

Bitcoin network hash rate has decreased by approximately 15% from its October high, and miner capitulation has lasted nearly 60 days, with the average hash rate dropping to 977 EH/s. Glassnode's Hash Ribbon indicator has reversed, indicating increased short-term supply pressure. It is expected that the mining difficulty will be adjusted downward for the seventh time to around 139 T on January 22.

MarsBitNews

2026-01-19 13:26:09

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Mars Finance reports that the Bitcoin network hash rate has dropped approximately 15% from its October high, and miner capitulation has lasted nearly 60 days. The network’s average hash rate has decreased from about 1.1 ZH/s in October to approximately 977 EH/s, indicating that as profitability declines, miners are shutting down machines or capitulating. Additionally, Glassnode’s Hash Ribbon indicator reversed on November 29, reflecting miner capitulation by tracking short-term and long-term hash rate trends. Currently, the short-term supply pressure in the Bitcoin market may further increase. Analysts believe that Bitcoin mining difficulty is expected to undergo its seventh adjustment out of the past eight on January 22, decreasing to around 139 T.

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