Does Rising Hashrate Signal a Recovery in Bitcoin Price or Are Miners Still Capitulating?
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The post Does Rising Hashrate Signal a Recovery in Bitcoin Price or Are Miners Still Capitulating? appeared first on Coinpedia Fintech News The Bitcoin price is trading at $68,820, and a fresh debate over miner behavior and hashrate strength is now shaping the recovery narrative. With BTC price today hovering near recent lows, a public clash broke out between two of the most renowned analysts, “cryptorand’ and ‘alicharts’ over whether on-chain signals are flashing a bottom or signaling more downside. Bullish Case: Hashrate and Panic Selling One side of the argument from cryptorand is coming straightforwardly. He believes that historically, every major market bottom has coincided with three signals: a strong or recovering BTC hashrate, the end of miner capitulation, and widespread retail panic selling. According to this view, he announced that all three conditions are either visible or developing right now. In particular, this analyst focused more on rising hashrate as the key driver of his analysis. As this shows, the network health and miner conviction are strong and rising, as he described. Meanwhile, retail sentiment appears deeply shaken, a classic component of prior cycle troughs. From that angle, the current environment doesn’t look like a collapse, and it looks like a setup phase. Every major Bitcoin bottom in history has been accompanied by: Strong/recovering hashrate Miner capitulation ending Retail panic selling We have all three right now…this is not the end. This is the setup! pic.twitter.com/fL30GNeHBk — Rand (@cryptorand) February 16, 2026 The logic is rooted in past observations. Where evidently previous bottoms formed when weaker hands exited, miners endured pressure, and the network itself remained resilient beneath the surface. Based on this, the analyst has argued that the same structure may now be unfolding again. Bitcoin Price Bearish Counterpoint: Capitulation Isn’t Done At the same time, a…
Filed under: News - @ February 16, 2026 3:25 pm