Bitcoin Mining Difficulty Has Never Stayed Below Its Peak for This Long

Bitcoin’s mining difficulty has remained below its October 2025 all-time high for 374 consecutive days, the longest such stretch in the network’s history and a longer period than the record set after the 2011 crash. Economist and author Saifedean Ammous flagged the milestone on Saturday. The extended drawdown in difficulty signals that miners have faced a prolonged period without new computational records, reflecting weaker hash rate growth or miner capitulation since the October 2025 peak. The previous record dated back to the aftermath of the 2011 crash. Market participants will watch whether difficulty resumes climbing toward new highs, which would indicate recovering miner participation and network security investment.