According to CoinMeta, as reported by digital and asset, as of August 15, the number of Bitcoin miners' holdings dropped to approximately 1.1919 million BTC, a decrease of 885 from a week earlier, representing the lowest level since May 31. A decline in miners' holdings usually indicates that some miners are using their BTC for purposes such as selling, lending, or collateral. During the same period, blockchain.com data shows that the 7-day moving average of Bitcoin's total network computing power was about 895 million TH /s, which is a reduction of about 25.48 million TH from a week ago. The value of 0.75 remains unchanged from a week prior and is still within a range that is neither significantly overheated nor extremely undervalued in history.