Bitcoin Slides After BOJ's 75bps Rate Hike, $80k Level at Risk

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Bitcoin dipped after the BOJ’s 75bps rate hike, the largest in over 30 years, with the $80k level now under pressure. Historical trends show Bitcoin faces double-digit drawdowns after BOJ hikes, as rising leverage costs prompt foreign investors to cut BTC positions. On-chain data reveals STHs near $101k are 16% underwater, while large players offloaded 24k BTC, adding $2 billion in selling pressure. Open Interest remains 30% below October crash levels, signaling cautious sentiment. A strong base at $85k could improve Bitcoin’s risk-to-reward ratio for value investing in crypto.
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