coin-img-ETHETH+1.31%coin-img-BTCBTC+0.96%coin-img-SOLSOL+1.89%coin-img-XRPXRP+2.39%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+1.37%coin-img-XAUTXAUT+1.90%coin-img-TONCOINTONCOIN-0.82%coin-img-ETHETH+1.31%coin-img-BTCBTC+0.96%coin-img-SOLSOL+1.89%coin-img-XRPXRP+2.39%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+1.37%coin-img-XAUTXAUT+1.90%coin-img-TONCOINTONCOIN-0.82%coin-img-ETHETH+1.31%coin-img-BTCBTC+0.96%coin-img-SOLSOL+1.89%coin-img-XRPXRP+2.39%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+1.37%coin-img-XAUTXAUT+1.90%coin-img-TONCOINTONCOIN-0.82%coin-img-ETHETH+1.31%coin-img-BTCBTC+0.96%coin-img-SOLSOL+1.89%coin-img-XRPXRP+2.39%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+1.37%coin-img-XAUTXAUT+1.90%coin-img-TONCOINTONCOIN-0.82%

Bitcoin Falls 29% in 30 Days, NUPL Nears Anxiety Zone and Hash Rate Drops 14%, VanEck Says

Bitcoin fell 29% over the past 30 days, pushing the NUPL (Net Unrealized Profit/Loss) gauge close to the "anxiety zone" and briefly into the "fear zone," while open interest reset to September 2024 levels, VanEck said in its mid-February 2026 onchain report released Feb. 21. Realized selling remains concentrated among midterm holders with 1-to-5-year positions, though distribution of coins held over one year slowed markedly in the past month. Miner profit margins are being compressed as Bitcoin's network hash rate dropped about 14% over the last 90 days, with VanEck noting that similar historical setups have often preceded stronger subsequent returns for Bitcoin.
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