🤔 Why has it dropped so quickly these past few days?? Here's a summary:

➡️ 12/11 (Fed's rate cut led to weakness): Decrypt described it as a typical "sell the fact" - the good news was priced in ahead of time, and once it was realized, it was actually cashed in. At the same time, concerns about sticky inflation and limited future rate cut space among macro variables weighed on risk assets.

➡️ 12/12 (Tech/AI sentiment dragged down): CoinDesk believes that AI-related concerns are dragging down the Nasdaq and cryptocurrencies, and in such market conditions, BTC is often treated as a high beta risk asset and sold off.

➡️ 12/14 (Weekend liquidity + waiting for macro data): CoinDesk mentioned "low liquidity, weak altcoins, and approaching key US/global data releases," causing traders to prefer reducing positions first.

➡️ 12/15 (Accelerated drop after breaking key levels): Barron’s reported that BTC briefly reached about $85,774 that day, dropping approximately 3.2% in 24 hours, and emphasized the background of "market sentiment being negative post-weekend and funds withdrawing from risk assets."

➡️ Macro spillover (BoJ's hawkish expectations): Economic Times also linked the "BoJ's hawkish signals" to the volatility of risk assets (such messages can easily trigger global deleveraging).

Information sources: Decrypt, Coindesk, Barron's, and Economic Times 🙏