Reasons for the morning decline in Bitcoin

1. Expectations for a rate hike in Japan in December have surged sharply, with the central bank governor sending clear signals for an interest rate increase, putting pressure on yen arbitrage funds to close positions, and liquidity in the crypto market being withdrawn;

2. The University of Tokyo continues to strengthen cryptocurrency regulation, releasing policy signals to crack down on virtual currency trading speculation, causing market risk appetite to cool;

3. U.S. stock index futures continue to trend downward, with Nasdaq index futures down 0.6%, affected by high correlation, and Bitcoin simultaneously facing selling pressure from risk assets. $BTC