📉 Bitcoin's price has dipped over 21% from its yearly high, now trading at $57,700. Crypto investor Anthony Pompliano attributes this to the German government liquidating over $2 billion in seized Bitcoins and the movement of Bitcoins from collapsed exchange, Mt.Gox. Despite the bear market, Pompliano remains optimistic about Bitcoin's long-term prospects. 🚀

Other factors contributing to the price drop include the summer season, when investor activity typically slows, and Bitcoin miner capitulation. CryptoQuant founder Ki Young Ju predicts a quiet few months for Bitcoin as miner capitulation continues.

What are your thoughts on these market trends? Share in the comments below! 💬👇