🔥Hot off the press! CryptoQuant signals that Bitcoin may be nearing its bottom! 🎢 The rollercoaster ride of the crypto market might be approaching a thrilling turn, with Bitcoin miner capitulation levels mirroring those seen post-FTX collapse in late 2022. Could this be the calm before the Bitcoin storm? 🌩️

The crypto market is feeling the heat, thanks to Mt. Gox creditor liquidations. But fear not, Bitcoin enthusiasts! The market is expected to bounce back from August onwards. 🚀

Historical data is on our side, folks! July has traditionally been a month of recovery for Bitcoin, with average gains of 7.42% following a June slump. This year, Bitcoin saw a 6.96% decrease in June, hinting at a potential recovery ahead. 📈

But let's not get ahead of ourselves! Challenges still loom large. The selling pressure from Mt. Gox creditor liquidations and the potential for a market correction could push Bitcoin prices down to its key support level of $57,000.

Yet, CryptoQuant's data suggests a turnaround may be near, with the market likely to rebound from August onwards. As always, stay informed and make decisions based on your own research and risk tolerance. 💡

What's your take on this? Do you think Bitcoin is nearing its bottom? Let's get the conversation going in the comments below! 🗣️