What exactly happened behind the Bitcoin plunge from $91,000 to $86,000?

First, let's look at two heavy blows on the macro front: the expectations for interest rate hikes by the Bank of Japan suddenly surged, coupled with the weakening of China's non-manufacturing PMI data, which caused the entire Asian market sentiment to collapse. Just when things couldn't get worse, the CEO of a listed company jumped out and said that if the stock price continued to fall below the net asset value and financing was cut off, they might have to sell coins to raise funds—once this was said, market panic was instantly ignited.

But interestingly, now that quantitative easing has ended, the probability of a rate cut in December has surged to 87%, and ETF funds have begun to flow back in. More importantly, BTC had just rebounded by 15% before this. So at this position, it’s a bit hard to understand: is it a technical correction, or the beginning of a new round of adjustment?

BTC-7.18%

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HackerWhoCares

· 8h ago

Haha, the CEO's operation directly caused a collapse, triggering panic dumping with just one sentence. Why sell coins now? It would be better to just hold on. An 87% probability of interest rate cuts is quite interesting; it feels like a rebound is coming. It's really just getting tangled up over this 5000 yuan price difference; why bother?

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PerennialLeek

· 8h ago

Oh no, with both the Central Bank and PMI, a bunch of issues got dumped down, and people in the crypto world were instantly confused A certain CEO's words directly triggered all the panic selling, this operation is really incredible The probability of an 87% interest rate cut is right there, so why is it still falling? I really can’t see through it A 15% rebound followed by a pullback, is this playing a psychological game with us? The manipulation is a bit obvious Oh my, a drop of 5000 dollars, my funds have shrunk significantly again Wait, with such a high probability of an 87% interest rate cut, why are Large Investors still dumping? Is there an insider? Is this the so-called "fully priced-in good news is actually bad news"? I'm completely speechless.

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just_here_for_vibes

· 8h ago

Damn, I got scared again by the CEO's words, that's really enough.

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BankruptcyArtist

· 8h ago

Here it comes again, this kind of plummet performance, I've seen it too many times. Japan's interest rate hike, China's PMI, some CEO's "selling coins to save lives" theory... to put it bluntly, it's just panic selling. But look at this, with 87% of the rate cut expectations and ETFs still coming in, BTC only rebounds 15% before it starts to crash? This rhythm is a bit strange. I just want to know, is this five thousand dollar drop really just a washout of chips or is it really going to collapse? Anyway, the more I fear, the more I buy, while the short positions are crying out all day, and what’s the result?

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NeonCollector

· 8h ago

Oh dear, it's that CEO scaring people again, good grief, directly igniting the fuse. --- Japan's interest rate hike is really something, once Asia collapses, it all collapses, BTC is forced to go down with it. --- With an 87% chance of interest rate cuts on the table, what are we still hesitating about? It's time to enter a position, everyone. --- A drop of 5000 bucks, some people's leveraged financing is directly GG, it’s really satisfying to watch. --- This wave is simply an emotional collapse, the fundamentals haven't changed much, it's time for the buy the dip heroes to take action. --- Wait a minute, after a 15% rebound, it can still drop this much? Damn, got played for a sucker again. --- The end of quantitative easing doesn't mean everything is over, the market is still digesting, be patient. --- The weakening of China's PMI was evident months ago, and only now is it reacting, truly a delayed panic.

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BlockchainTherapist

· 8h ago

Oh no, another pro wants to sell coins, this rhythm... retail investors will always be the last ones to catch a falling knife.

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GasWaster

· 8h ago

Can an 87% chance of interest rate cuts really save the market? I feel like this wave is just a false rebound before the plummet.

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