Bitunix Analyst: Bank of Japan's December Rate Hike Remarks, BTC Faces Liquidation PressureAccording to Mars Finance, on December 1, Bank of Japan Governor Kazuo Ueda released the clearest hawkish signal to date, with the market raising the probability of a rate hike in December by the Bank of Japan to 64%. The yen strengthened, and short-term Japanese government bond yields hit a new high since 2008. Influenced by expectations of Japan's policy normalization being advanced, global capital flows are being repriced, putting pressure on the dollar and high volatility assets simultaneously. Meanwhile, the sudden diplomatic friction between the United States and Venezuela escalated, further cooling risk appetite rapidly. Against the backdrop of rising macro risk aversion, the crypto market experienced severe fluctuations. BTC fell sharply in today's Asian session, accompanied by rapid accumulation of liquidation volume. According to the liquidation map, a high-density liquidation zone formed around $92,300, becoming the main axis of this decline; after the price broke through this area, the downward trend accelerated, consecutively hitting $88,300, $86,200, and other subsequent liquidity stacks.
MarsBitNews·7h ago