#BTC86kJPShock refers to Bitcoin's surge past $86,000, driven by the "JP Shock" - Japan's central bank signaling a slower approach to rate hikes amid a weakening yen. This shift funneled Asian liquidity into risk assets, fueling Bitcoin's upward momentum ¹ ².

*Key Factors:*

- *Bank of Japan's Rate Hike*: Expected to raise its benchmark rate to 0.75%, impacting global liquidity

- *Yen Carry Trade Unwinding*: Investors borrowing yen at low rates and investing in higher-yielding assets may unwind positions

- *Bitcoin's Role*: Growing as a global liquidity hedge, sensitive to macroeconomic shifts

³ ⁴ ⁵

*Market Response:*

- Trading volume jumped over 40% on major exchanges

- Whale accumulation intensified

- Analysts eye $90,000 as the next major psychological and technical milestone

¹ ²

Current Bitcoin price: around $90,164.73, with a 1.43% decrease ⁶.

Want more details on Bitcoin's price movement or the JP Shock's impact?