Bitcoin hash rate falls 2.4% weekly… miner holdings increase by about 8,087

Bitcoin’s 7-day average hashrate fell 2.4% week-over-week to about 1.027 ZH/s, down 25.73 EH/s and the lowest level in three weeks, according to Digital Asset data as of 1 p.m. KST on July 7. Over the same period, miner holdings rose by roughly 8,087 BTC, suggesting miners are retaining more coins even as network computing power cools. The hashrate is a 7-day moving average, so the decline reflects a smoothed trend rather than a single-day drop, and it does not by itself reveal how much mining equipment has actually gone offline. The divergence matters because it points to miners accumulating BTC into weaker network conditions rather than selling. Next, watch whether the hashrate slide extends beyond three weeks and whether miner balances keep climbing, which would signal sustained accumulation.