[CryptoQuant Analyst: Bitcoin Hashrate Drops Below Annual Average, Competition Among Miners Intensifies] Reported by Jinse Finance, on May 10, CryptoQuant analyst Darkfost posted on the X platform stating that Bitcoin's total network hashrate has fallen below the annual average level. The last time a similar situation occurred was in 2021. This change does not pose a significant risk to the Bitcoin network itself, but since the U.S. winter storm earlier this year, the total network hashrate has consistently operated below 1 ZH/s, reflecting intensified competition among miners. Some mining companies may have opted to shut down operations or adjust their business models to improve profitability, with Bitfarms' recent business adjustments serving as an example.