Bitcoin whale outflows have decreased to 300,000 BTC as of late February, highlighting a cautious market with a current accumulation rate of only 0.5%. Miners are also experiencing reduced profitability, influencing selling behaviors.
The Cryptoquant Bull Score Index stands at 20, indicating continued market caution amid persistent U.S.-China trade tensions that are weakening risk appetite among large investors. Until accumulation improves, Bitcoin is likely to remain range-bound.
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