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#BTC BOTTOM IS NOT IN; Macro Liquidity and Central Bank Timing (Especially BOJ): The next BOJ increase (markets have discussed possible timing in September/October 2026 or later in the year, potentially to 1.25%) would occur from a higher base (already at 1%). Historical precedent points to a reasonable probability of another 15–30% Bitcoin drawdown in the post-hike window if the move triggers meaningful yen strength or position unwinding especially if leverage in crypto derivatives is elevated at the time. #Bitcoin #BTC

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