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BOJ's 75-basis-point rate hike triggers Bitcoin sell-off; 80,000 USD level at risk?

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The Bank of Japan’s 75-basis-point rate hike triggered a Bitcoin sell-off, with prices near 80,000 USD under pressure. Institutional investors sold 24,000 BTC, totaling over 2 billion USD, as leverage costs climbed. On-chain data shows 16% of funds near 101,000 USD are underwater. Low leverage and falling open interest point to a potential support level at 85,000 USD. A break below could test the next support level. Resistance remains near the 100,000 USD mark.
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