I want to share a situation I've been following continuously. Since this incident was exposed, the overall network hash rate has started to weaken. The difficulty adjustment initially remained relatively stable, then dropped by 1.2%, and the forecast for next week suggests a further decline of 4.3%. The real reason behind this wave of hash rate decline is quite interesting— is it the direct impact of policy bans, or are miners proactively adjusting their demand in response, or are other factors at play? Each possibility has a different impact on the mining landscape.