It's a (weak) bear market capitulation signal - max fear when people think everything is broken.
It seems like bitcoin, currently 78719, was only 58526 on 30 June. That's 34.5% up in four months, meeting the definition of bull market.
alt Hacker News
It seems like bitcoin, currently 78719, was only 58526 on 30 June. That's 34.5% up in four months, meeting the definition of bull market.