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#BTC Monthly Close

Bitcoin has posted its lowest monthly candle close since January 2024.

This reinforces the ongoing bear market pressure on higher timeframes.
Some miners switched machines off in June when #BTC fell below $60,000, and #difficulty dropped 10.1%.

Weeks later most of that capacity is back, difficulty up 7% on July 2.

The relief window for surviving miners is closing.

The mid-July adjustment is the tell.