The BTC Trend Accumulation Score indicates minimal distribution at the current price levels. There is moderate accumulation among the largest cohort and strong, aggressive accumulation among the smallest cohort.
Japan's bond market is flashing warning signs. The 30-year yield just hit a record high, signaling the end of years of ultra-cheap yen funding that fueled global risk-taking through the "yen carry trade." As Japanese yields rise and the BOJ prepares for another rate hike in December, that liquidity source is rapidly tightening.
Each BOJ hike over the past year has coincided with notable Bitcoin and crypto pullbacks, as investors unwind carry trades and sell risk assets to repay yen loans. Japan's policy shifts continue to act as a global liquidity switch- often outweighing the Federal Reserve's recent rate cuts and end of QT.
In the near term, this means higher volatility and the potential for further crypto corrections. But the broader setup remains constructive: U.S. liquidity is slowly improving, BOJ tightening is finite, and Bitcoin historically forms long-term bottoms during periods of global stress.
Short-term pressure, long-term opportunity. This environment often lays the foundation for Bitcoin's next accumulation phase and eventual expansion.
#HistoricMoments Six years ago today, an individual in Wuhan, China reportedly developed symptoms later identified as the first confirmed case of COVID-19.
Additional resistance between: $88,400-$88,900 and at $90,500
Overall, BTC is coiling between key levels. A decisive break on either side of this range is likely to set the next directional move. Stay alert. đđ
đ¨ #breakingnews đşđ¸ A new Strategic Bitcoin Reserve Bill has been introduced in Congress, allowing federal taxes to be paid in BTC and removing capital-gains obligations on those transactions. With momentum like this, it's hard to make a bearish case for Bitcoin.
đ¨#breakingnews đşđ¸ Federal Reserve Chair Jerome Powell is expected to speak within the next 24 hours, with potentially important announcements anticipated.
đ¨#breakingnews : đşđ¸ Speculation indicates that Donald Trump's $ETH holdings might surpass $500 million. Thoughtful timing is advised before selling.
#UpdateAlert : Bitcoin's December performance, particularly following halving events, lacks predictable seasonality and is characterized by extreme volatility.