๐จ Market Update: Bitcoin Reacts to BOJ Shock ๐จ
Bitcoin dipped after the Bank of Japan delivered a surprise 75 bps rate hike โ its largest increase in over 30 years. Historically, BOJ tightening has been a major bearish catalyst for crypto, and early signals suggest history may be repeating.
๐ Why This Matters:
โข Past BOJ rate hikes have often preceded double-digit BTC drawdowns
โข Higher rates push global investors to cut risk
โข BTC positions are usually among the first to be unwound
๐ Smart Money Moved First:
Ahead of the announcement, analysts flagged a notable sell-off led by large holders.
โก๏ธ Around 24,000 BTC were offloaded
โก๏ธ Over $2B in selling pressure hit the market
โ ๏ธ Short-term sentiment: Fear and volatility rising as macro pressure builds.
BTC
87,851.38
+0.54%
