Bitcoin Decouples From Miner Flows With -0.15 Correlation – What It Means For Price?
NeutralCryptocurrency

Bitcoin is currently trading in the low $120,000 range after a slight dip from its recent highs. Interestingly, there's been a notable shift in the correlation between Bitcoin's price and miner flows, which has turned negative. This change suggests a new dynamic in the market, where miner behavior may no longer directly influence Bitcoin's price direction. Understanding this shift is crucial for investors as it could signal evolving trends in the cryptocurrency market.
— Curated by the World Pulse Now AI Editorial System