According to CoinMeta, and based on the analysis by Bitcoin Magazine Pro, the total computing power of Bitcoin has been in a downward trend for approximately 287 days. The difficulty of mining has decreased by 19.9% compared to historical peaks, marking the third deepest decline in mining difficulty since the widespread adoption of specialized ASIC mining machines. This indicates that the duration of miners' "surrender" to these lower mining conditions is approaching historical highs. Meanwhile, BTC has fallen by about 46% over the past year, but the stock prices of some listed mining companies have risen by more than 430%, mainly driven by their shift towards AI and high-performance computing services. The report also notes that among miners' average daily income of about 30 million US dollars, transaction fees account for only about 200,000 US dollars, which is still far from sufficient to replace the continuously halved block subsidies.