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📉 Bitcoin Drops to $85K — What Really Happened
On Dec 15, Bitcoin slipped to $85,000, wiping out $100B+ from the crypto market in just days.
This move wasn’t random — macro pressure + forced liquidations collided.
🔍 Key Reasons
🔹 Bank of Japan Rate Hike Fears
Markets priced in a potential BOJ rate hike. Rising Japanese rates unwind the yen carry trade, forcing investors to exit risk assets like crypto.
🔹 US Macro Uncertainty
Despite a recent Fed rate cut, inflation and labor data kept traders cautious. Bitcoin continues to trade as a liquidity-sensitive macro asset.
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200M+ Long Liquidations
A break below $90K triggered heavy leveraged liquidations, accelerating downside momentum.
🔹 Low Weekend Liquidity
The sell-off occurred during thin weekend trading, where shallow order books amplify price moves.
🔹 Wintermute Selling Pressure
Market data pointed to $1.5B+ BTC selling from Wintermute, intensifying losses during low liquidity.
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🔮 What’s Next?
• BOJ hike confirmed → more downside pressure possible
• Weak US data → chance of stabilization
• This looks like a macro-driven reset, not a market failure
⚠️ Volatility remains elevated. Trade smart.
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