TechFlow news, January 13 — According to CoinDesk, the Bitcoin network difficulty adjusted upward this morning to 110.45T (trillion), reaching a new all-time high and marking the eighth consecutive positive adjustment. Historical data suggests that when Bitcoin experiences such prolonged streaks of difficulty increases, it often signals an approaching market cycle peak or bottom.
Similar consecutive adjustments occurred during the 2018 bear market and the 2021 bull run. In 2021, after nine straight increases between July and November, Bitcoin reached its peak price of $69,000; in 2018, 17 consecutive increases were followed by a bear market that sent Bitcoin as low as $3,000.
The 7-day average hash rate has now reached 775 EH/s, and CoinDesk Research projects it could climb to 1 ZH/s before the next halving. Amid intensifying competition, some publicly traded mining firms such as MARA Holdings are shifting toward high-performance computing and AI, while also optimizing revenue through strategies like issuing convertible bonds to buy Bitcoin and lending Bitcoin for single-digit returns.
