[Analysis: BTC Hashrate Has Fallen About 15% from October Highs, Short-Term Market Supply Pressure May Increase] Odaily Planet Daily reports that Bitcoin network hashrate has dropped approximately 15% from its October peak, with miner capitulation persisting for nearly 60 days. The network's average hashrate has decreased from around 1.1 ZH/s in October to approximately 977 EH/s, indicating that miners are shutting down machines or surrendering as profitability declines. Additionally, Glassnode's Hash Ribbon indicator reversed on November 29. This indicator, which tracks short-term and long-term hashrate trends to reflect miner capitulation, suggests that short-term supply pressure in the Bitcoin market may further increase. Analysts predict that Bitcoin mining difficulty is expected to undergo its seventh reduction out of the past eight adjustments, dropping to approximately 139 T on January 22. (CoinDesk)