Bitcoin slides after BOJ’s massive rate hike – Is $80k next for BTC? 🤔
History shows BOJ tightenings trigger big crypto drawdowns: rising yen carry costs force de-leveraging, whale unwinds, and short-term FUD. This time? 24k BTC dumped pre-meeting (~$2B pressure), STHs underwater at ~$101k avg cost, realized losses spiking.
On-chain capitulation + macro headwind = classic setup for a flush lower.
But flip side: Liquidation heat has cooled longs hard (2-3x more long wipes), OI 30% below peaks, whales hunting stops to keep it from overheating. Once FUD clears, $85k-$90k could flip structural support for the next leg up.
Q4 manipulation game strong – deliberate volatility trapping the herd.
Is sub-$80k imminent, or just healthy reset before rebound?
BTC
88,321.4
-0.77%