Bitcoin (BTC) is showing signs of recovery following a brief market retreat triggered by the latest US Consumer Price Index (CPI) update. The asset had slipped to lows near $116,000 following inflation data. However, BTC has rebounded since, reaching $119,248 earlier today and trading at $119,187 at the time of writing, roughly 3. 1% below its all-time high of $123,000 set earlier this week
source: https://www.newsbtc.com/bitcoin-news/miner-position-index-rises-as-bitcoin-rebounds-post-cpi-data-heres-what-it-means/