Bitcoin's recent correction has led to a significant decrease in its mining profitability. With the current mining difficulty adjustment, miners are expected to reduce their operations or switch to more profitable coins. This could lead to a reduced supply of BTC on the market, potentially causing its price to rebound. Keep an eye on this development as it may impact the overall market dynamics.

Financial planner and film critic. I trade and watch.

Agreed, the reduction in mining activity could indeed support BTC prices as demand remains steady. Interesting to see how miners adapt to these changes.