🍌 Bitcoin (BTC) might soon be peeling into the "Banana Zone" - a term coined by Raoul Pal for a period of significant price upswing. But first, we need a reversal in three key trends, says Julien Bittel, head of research at GMI. 👀

1. Bitcoin miner selling needs to slow down. It's been on the rise since mining revenue dropped by 55%. Ouch! 😬

2. We need more stablecoin inflows. The absence of new issuances in the stablecoin market is causing a liquidity crunch and price volatility.

3. Outflows from Bitcoin ETFs need to decrease. They're creating selling pressure for Bitcoin.

BTC is currently trading at $64,966, down 2.35% over the past 30 days. But could this be a market bottom? What do you think? Let's chat in the comments! 🗨️