Miners holding amid hashrate plunge & difficulty drop
Key Questions
What is the recent change in Bitcoin's network difficulty?
Bitcoin's network difficulty dropped 7.76-7.8% to 133.79T, marking the second biggest drop in 2026 at block 941k on March 20. This plunge aligns with weakening network metrics pinning BTC price under $72K.
How has Bitcoin's hashrate performed lately?
Hashrate has fallen to 920-950 EH/s, down 100 EH/s or 20% from its all-time high, and 8-12% weekly. This drop coincides with miners struggling as Bitcoin enters deep value territory.
What does the Miner Price Index (MPI) at -1.04 indicate?
The MPI hit a historic low of -1.04, signaling low miner selling pressure and a potential structural shift in the industry. This contrasts with traditional selling patterns during price weakness.
What buy signals are present for Bitcoin miners?
The Puell Multiple is around 0.60, and the Hash Ribbon shows a buy signal amid miners holding. These metrics suggest undervaluation despite the hashrate and difficulty drops.
What new developments involve AI and tokenized mining products?
JPMorgan and Morgan Stanley are providing $1B financing to Core Scientific and Bitdeer for AI pivots. Omnes and Apex Group are tokenizing the Omnes Mining Note (OMN) on Base, offering non-U.S. investors exposure to Bitcoin production.
Difficulty -7.76-7.8% to 133.79T (2nd biggest 2026 drop Mar20 block 941k); hashrate 920-950 EH/s (-100EH/s/-20% ATH, 8-12% wkly). MPI -1.04 historic low signals low selling/structural shift; Puell ~0.60, Hash Ribbon buy; AI pivots (JPM/MS $1B Core Sci/Bitdeer), tokenized mining notes (Apex/Omnes Base).