Looks like the problem appeared between 11.25 and 11.28 on the Fenix 7.
Using a tacx trainer bike plus and zwift the report speed/mileage recorded on the watch using the indoor bike activity seemed to be anywhere from 20% to 35% of what it should be.
In other words and activity of 18.69 miles with an average speed of 17.6mph in Zwift is recording as 7.37 miles at 7.3 mph on the Fenix.
Anyone else seeing this?