📉 Bitcoin (BTC) has dipped below $60,000, hitting lows of $57,875 amid intense selling pressure. QCP analysts suggest that Bitcoin miners are showing signs of capitulation, historically associated with a market bottom. 📊 Despite BTC's struggle, the options market remains optimistic, with interest skewed towards Ethereum (ETH) call options. Factors that could reverse the current downtrend include substantial liquidation clusters on both BTC and ETH, and the potential approval of S-1 forms. Crypto liquidations have surged by 114% in the past day. Let's discuss! 💬👇