Macroeconomic Impact and Market Structure: The Bank of Japan's interest rate hike triggered global market turmoil. Bitcoin, as a liquid asset, was used by some institutions to close out yen carry trade positions, leading to a stronger correlation with traditional risk assets. Institutional inflows remained strong, with Bitcoin ETPs continuing to attract significant funds, indicating long-term demand for digital gold from mainstream financial institutions.
Technical Analysis and Price Volatility: Over the past 24 hours, the BTC/USDT price fluctuated between 87900.00 and 90588.23, generally in a consolidation phase. The forces of bulls and bears were locked in a stalemate, and further downward exploration is possible in the short term. The current price is approximately 88513.72, close to the support zone. Investors should pay attention to changes in support levels and be wary of high leverage risks.
Safe-Haven Properties and Market Sentiment: Traditional gold has recently performed strongly, while some altcoins have suffered significant losses due to BTC volatility. The market is re-evaluating Bitcoin's safe-haven properties and independence. Current market sentiment is cautious. Investors are advised to pay attention to changes in macroeconomic policies and liquidity impacts, and patiently await market direction clarification. $BTC
