“According to the latest report from Bitfinex Alpha, Bitcoin price fell below the 120-day range on July 7, reaching $53,219, as the market worried about sales by the German government and Mt.Gox creditors. 😱 However, weekend market data indicates a potential local bottom 📉 The market realized that although the nominal value of the Bitcoin transferred by the German government was large, it had a small share in the total transaction volume. 🤔 While long-term Bitcoin holders continue to make significant profits, short-term holders may have sold out. "The expectation that Bitcoin will be more stable in the future indicates the possibility of a decrease in volatility or decline at the current level."