According to Digital Asset, as of August 15, Bitcoin miners' holdings have dropped to approximately 1.1919 million BTC, a decrease of 885 BTC compared to a week ago, marking the lowest level since May 31. A decline in miners' holdings typically indicates that some miners are using their BTC for selling, loans, or collateral purposes. During the same period, Blockchain.com data shows that the 7-day moving average of Bitcoin's total network hash rate is around 895 million TH/s, down approximately 25.48 million TH/s from a week ago. The Puell Multiple stands at 0.75, unchanged from a week ago, remaining in a historical range that is neither significantly overheated nor extremely undervalued. https://(wublock123.com)/news/bitcoin-miners-holdings-fall-to-1-1919m-low-since-may-31-66613