Well he is a newbie.
We have had a 50% hashrate drop back in 2021 when BTC was whaling and China kicked the miners out.
That killed of the April 2021 prices of 60k plus.
https://newhedge.io/terminal/bitcoin/difficulty-estimatorLatest Block: 843559 (12 minutes ago)
Current Pace: 99.9052% (872 / 872.83 expected, 0.83 behind)Previous Difficulty: 88104191118793.16
Current Difficulty: 83148355189239.77
Next Difficulty: between 83133345743319 and 83138178361635
Next Difficulty Change: between -0.0181% and -0.0122%
Previous Retarget: last Thursday at 6:53 AM (-5.6250%)
Next Retarget (earliest): May 23, 2024 at 7:06 AM (in 7d 22h 44m 41s)
Next Retarget (latest): May 23, 2024 at 7:12 AM (in 7d 22h 50m 51s)
Projected Epoch Length: between 14d 0h 12m 58s and 14d 0h 19m 7s