Based on Cryptofrontnews, Bitcoin fell sharply in early December, dropping from $91,000 to $86,000 amid macroeconomic pressures from Asia. Japan’s carry trade unwind strengthened the yen and triggered risk-asset selling, while China’s non-manufacturing PMI contraction signaled weak regional liquidity. QCP CEO Phong Le’s warning about potential Bitcoin liquidations and Nasdaq’s index review added to the sell-off. Analysts noted the decline was driven by Asian market shifts rather than U.S. monetary policy.
Bitcoin Drops to $86,000 Amid Asia Macro Shocks and Carry Trade Unwind
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