In February, the value of Bitcoin (BTC) dropped to $85,000, leading to a 10% decrease. However, CryptoQuant founder Ki Young Ju believes that investors should still be on the lookout for potential recovery. Research suggests that investments in Bitcoin security and increasing miner operations will boost the price of BTC. Despite the recent correction, the mining sector has expanded, with the number of active mining rigs about to reach 5 million. This indicates potential price appreciation. However, there are some market factors causing uncertainty, such as the expiration of over 59,000 Bitcoin options worth $4.68 billion and Bitcoin ETF outflows totaling $3.5 billion in February. Traders view the current market downturn as an opportunity to buy Bitcoin at a cheaper price in anticipation of future upward movement. Overall, the market is paying attention to economic developments and upcoming policy statements from the White House, which may impact Bitcoin's price direction.



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