According to CoinMeta, as reported by digital and asset, as of 13:00 on November 7th Beijing time, the seven-day moving average of Bitcoin's network computing power was approximately 1.027 zh /s, which is a decrease of about 25.73 eh /s compared to seven days ago, representing a decline of about 2.4%. This marks the lowest level in nearly three weeks. Meanwhile, cryptoquant data shows that miners' BTC holdings have increased to around 1.2021 million coins, an increase of 8,087 coins over the week. The puell to multiple indicator for Bitcoin has also dropped from around 1.03 a week ago to 0.93, indicating that the daily BTC new issuance value in US dollars is below the average level of the past year.