๐ Bitcoin's recent nosedive had crypto enthusiasts biting their nails, but Bitfinex analysts say, "Hold your horses, folks!" ๐ They suggest BTC may have hit a local bottom, despite the Mt. Gox drama and the German government's BTC sell-off. Why? Well, the total BTC sold by Uncle Sam and Germany since 2023 is a mere 4% of all BTC bought and sold. Plus, the Spent Output Profit Ratio (SOPR) and negative funding rates hint at a possible bounce. So, is this the calm before the storm or the dawn of a new day for Bitcoin? Share your thoughts below! ๐ญ๐ก