Bitcoin Slumps in February, Yet HODLers and Miners Signal Support

Bitcoin Slumps in February, Yet HODLers and Miners Signal Support

Bitcoin slides in February, but strong miner and long-term holder accumulation hints at possible price support.

The opening weeks of February have delivered a stark diagnosis for Bitcoin’s health, with nearly 43% of its circulating supply in a state of loss and quarterly price performance standing at just under -26%, according to analyst GugaOnChain.

According to them, there is little prospect for recovery before April.

Read more: cryptopotato.com