Bitcoin's been on a rollercoaster ride, folks! 🎢 The big BTC took a 16.5% tumble from its July 1 high, marking the "deepest correction" in 24 months, says Glassnode. But don't fret, this is shallower than past cycles and shows Bitcoin's growing maturity as an asset class. However, this dip has left 83% of short-term holders in the red. If BTC can't break past the $58,000 resistance zone, we might be in for a bearish outlook. But hey, every rollercoaster has its ups and downs, right? Let's strap in and enjoy the ride! #BitcoinBumpyRide