A decline in revenue is likely a key factor in the downturn, along with mining companies preferring to allocate resources to artificial intelligence infrastructure (AI) rather than mining $BTC in pursuit of higher returns. An infrastructure provider directing its megawatts toward AI rather than Bitcoin mining can achieve significantly higher profitability — this dynamic has convinced many modern operators to shift their efforts. The daily hash rate price of $30.67 per petahash per second (PH/s) is one of the lowest levels Bitcoin miners have faced since the early days of the network when Bitcoin had a much lower valuation. With 106,335 blocks remaining until the next halving, conditions are likely to become even more challenging. An additional pressure factor is that miners cannot rely on transaction fees, which account for only 0.56% of the block reward. In fact, the system seems to be approaching a critical point. However, Bitcoin's difficulty adjustment mechanism is specifically designed for such scenarios. If miners leave and the hash rate decreases, the difficulty adjusts downward, attracting participants back with more accessible conditions.#GateSquareAprilPostingChallenge