⚠️The panic from Black Monday continues! The threat of Japan's rate hike looms, prompting a dilemma: cut losses, exit, or add positions?

The panic from "Black Monday" in the crypto market continues to ferment, with prices deeply stuck in a correctional quagmire. Retail investors are frantically cutting losses amid expectations of liquidity tightening, while Japan’s upcoming December rate hike—the "sword hanging overhead"—escalates the battle between bulls and bears. Investors face difficult choices😱

📉In the panic sell-off, 110,000 traders face liquidation, totaling $270 million

According to CoinGlass, over 115,000 traders worldwide were liquidated in the past 24 hours, with total losses reaching $272 million. Long positions account for over 88% of liquidations. Bitcoin continues to decline, briefly falling below the key support level of $85,000, down more than 30% from its October high; Ethereum is at risk, approaching the $2,900 support level. Mainstream coins are generally down more than 5%, while smaller coins have fallen over 15% in a single day. Retail traders’ panic emotions are being released en masse; short-term holders are rushing to cut losses and exit. The market panic index has fallen into the "extreme fear" zone.

🔪Rate hike in Japan is confirmed, liquidity "fresh water" will dry up

The December 18-19 Bank of Japan meeting has become the biggest variable for the market. Currently, the probability of a rate hike has surged to over 90%, with expectations to raise interest rates from 0.5% to 0.75% (the highest in thirty years). As the world's "cheap money faucet," Japan’s rate hike will end yen arbitrage trading—investors will need to sell cryptocurrencies and other risk assets to buy yen and repay loans. This process will drain market liquidity. Historical data shows that since 2024, every Japanese rate hike has caused Bitcoin to undergo a deep correction of over 20%.

🐋Whales are accumulating against the trend, concentrating chips in big players

Contrasting sharply with retail panic selling, institutional investors and whales are opportunistically buying the dip. On-chain data shows that whales holding between 10 and 10,000 Bitcoin are continuously increasing their holdings. Some digital asset treasury companies are also adding positions amid volatility. This divergence—retail cutting losses while the giants accumulate—is fundamentally a precise grasp of macro panic-induced "misjudgment opportunities" by professional funds.

🤔Three major options lie ahead—how should one decide?

- Cut losses and exit: In the short term, Japan’s rate hike could trigger a new wave of liquidations, with Bitcoin possibly dropping into the $75,000-$80,000 range. If unable to withstand extreme volatility, cutting losses can prevent larger damage but beware of missing a rebound.
- Hold and watch: Focus on Bitcoin’s $85,000 and Ethereum’s $2,900 support levels. If these hold or trigger technical rebounds, it could be a good opportunity; but reduce leverage to avoid forced liquidations caused by liquidity tightening.
- Add positions and prepare: Suitable for long-term investors. Use the dip to gradually position in mainstream coins, but control position sizes (suggest no more than 10% of total funds per addition), waiting for post-hike sentiment recovery.

Black Monday combined with expectations of Japan’s rate hike will only intensify market volatility. Will you choose to cut losses, exit, or add positions? Will the market bottom after the rate hike is implemented? Share your decision in the comments👇#加密市场反弹 #比特币跌破关键价位 $BTC $GT $ETH