Hey there, BTC enthusiasts! 🎉 Guess what? CryptoQuant analysts say we're yet to hit the price bottom for Bitcoin! 📉 Short-term holders' unrealized profit margins need to reach -10% before we can call it. Right now, they're just around 0%. 😮

BTC dipped below $40K this week, the first time since Dec 3, 2023, causing $230 million in liquidations. 😱 The crypto community is eagerly waiting for a price bottom, as no rally can happen until then. Miners are also feeling the heat with an 87% decrease in fees. 🔥

On the bright side, spot Bitcoin ETFs in the U.S. are holding strong! 💪 They have a whopping 641,000 BTC, with Grayscale's GBTC leading the pack at 536,000 BTC. 🚀 BlackRock's IBIT and Fidelity's FBTC follow, holding 44,000 and 34,000 BTC, respectively. 🌟

So, keep your eyes peeled, folks! We're in for an exciting ride with Bitcoin! 🎢🚀