Bitcoin Technical Analysis Report – 17th August 2026
The Valkyrie Bitcoin Miners ETF (WGMI) has surged nearly 97% over the past year, even as Bitcoin has fallen 46%. The sharp divergence reflects how Bitcoin miners are changing their business models, with companies such as Riot, Core Scientific and IREN increasingly signing AI and data-center deals. As a result, WGMI is no longer behaving […] The post Bitcoin Technical Analysis Report – 17th August 2026 appeared first on ZebPay.
Key Takeaways
- The Valkyrie Bitcoin Miners ETF (WGMI) has surged nearly 97% over the past year, even as Bitcoin has fallen 46%.
- The sharp divergence reflects how Bitcoin miners are changing their business models, with companies such as Riot, Core Scientific and IREN increasingly signing AI and data-center deals.
- As a result, WGMI is no longer behaving […] The post Bitcoin Technical Analysis Report – 17th August 2026 appeared first on ZebPay.
Summary generated by IndiCrypto from ZebPay. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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