The price of #Bitcoin showed strength at the support level of US$102,000 yesterday, after the liquidation of leveraged positions amounting to US$170,000,000. The annualized one-month futures premium for BTC remained close to 6% despite the pullback to US$102,000. This current level is within the neutral range of 5% to 10%.

Some analysts attribute the correction of Bitcoin to comments made by Japan's Prime Minister, Shigeru Ishiba, regarding the country's fiscal situation, which he described as undoubtedly extremely poor.