📉 Bitcoin took a nosedive, hitting a low of $53,219! 😱 Blame it on the Mt. Gox creditor repayments, or the German BKA selling BTC on exchanges. But don't fret, Bitfinex analysts are hinting at a local bottom. Why? Well, despite the German government's BTC sell-off, it's only a drop in the ocean, accounting for just 4% of all BTC bought and sold since 2023. Plus, the drop in SOPR and negative funding rates often signal the end of price corrections. So, is Bitcoin bouncing back? 🤔 Share your thoughts below! #Bitcoin #CryptoNews