📉 Bitcoin took a nosedive, hitting a low of $53,219 due to Mt. Gox's creditor repayments and the German BKA's Bitcoin sell-off. But don't fret, crypto enthusiasts! Bitfinex analysts suggest we may have hit rock bottom and a bounce back is on the horizon. 🚀 Despite the German government's sizeable Bitcoin dump, it only accounts for 4% of all BTC transactions since 2023. Plus, the drop in the spent output profit ratio (SOPR) and negative funding rates often mark the end of price corrections. So, keep your HODL game strong, folks! 💪 #BitcoinBounceBack