CoinVoice has learned that the Bitcoin network hash rate has dropped approximately 15% from its October high, and miner capitulation has been ongoing for nearly 60 days. The network's average hash rate has decreased from about 1.1 ZH/s in October to approximately 977 EH/s, indicating that as profitability declines, miners are shutting down machines or capitulating. Additionally, Glassnode's Hash Ribbon indicator reversed on November 29, reflecting miner capitulation by tracking short-term and long-term hash rate trends. Currently, the short-term supply pressure in the Bitcoin market may further increase. Analysts believe that Bitcoin mining difficulty is expected to undergo its seventh adjustment out of the past eight, decreasing to around 139 T on January 22.