🐻 Beware, Bitcoin bears! BTC price dropped 7% to $53,354, liquidating $62m in longs. But don't celebrate yet! A swift 7% rally to $58,215 liquidated $96m in shorts. The German government's transfer of 16,308 BTC might have curbed traders' appetite, but the selling pressure is decreasing. The failed FTX exchange is expected to repay investors, potentially boosting crypto purchases. Despite an 11% price drop in the last week, BTC futures remain resilient. So, bears, tread lightly! The market might just surprise you. 🚀