🚹 Bitcoin Alert: BTC Dips Below $86K Amid Global Liquidity Crunch – Is This the Bottom?

📉 As we kick off December, #bitcoin is feeling the heat, trading around $85,800–$86,000 after a sharp 5-6% drop in the last 24 hours. That’s a whopping 32% off the October ATH near $126K, with the broader market shedding over $1T in value. Ouch!

What’s Driving the Sell-Off?

‱ BOJ Shockwave: Japan’s central bank hints at a rate hike, supercharging the yen and unwinding the carry trade – forcing deleveraging in high-risk assets like BTC.

‱ DeFi Drama: A fresh hack drained liquidity, spooking investors and amplifying the downside.

‱ ETF Exodus: Outflows are piling on, erasing YTD gains and turning sentiment bearish.

But hold up – this could be a classic “buy the fear” moment. Key support eyes $80,400, with potential rebound targets at $90K+ if ETF flows flip and risk appetite returns. Remember, the Fed’s QT end today might inject some liquidity magic.

Traders: Watch volume for signs of capitulation!

Most indicators say “things look ugly short-term,” but nothing has broken the big-picture bull market yet. The chart is screaming “oversold + major support zone” around $80–86K. That’s why some people are scared and others are quietly stacking.

What’s your play – HODL through the storm or dip-buying spree? Drop your thoughts below👇

$BTC #BTCRebound90kNext? #CryptoIn401k #Binance

DYOR – Markets are volatile. Trade smart on Binance.

BTC
BTC
66,666.01
-1.90%