I haven't seen any talk about this, but when examining the data for hashrate difficulty it appears notable that for the entire history of bitcoin the difficulty of the hashrate has remained on a steady incline save for two low magnitude dips up until late October/early November of this year when there begins an ~11% decline in the past six weeks with a further projected decline of ~10% at the next retarget.
Now, I can't quite put it all together and see how it's all connected. There was a similar difficulty at a similar fiat equivalency 08/17 but on the other hand the difficulty continued to scale up despite the large magnitude decline from the peak to the largely stable period of 6k.
I can't seem to find (or am not making a connection to) the volume of miners, although I'm not certain if there a correlation.
How is this all connected and what does it portend?
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source https://www.reddit.com/r/btc/comments/9zvih9/largest_historical_decline_in_hashrate_difficulty/
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