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QCP: BTC pullback due to weakening Asian macroeconomics and panic triggered by Strategy comments.

QCP Capital analysis states that Bitcoin plunged from $91,000 to $86,000 mainly due to two reasons: the surge in Bank of Japan rate hike expectations and the weakening of China's non-manufacturing PMI dragging down Asian macro sentiment; the Strategy CEO mentioned the possibility of selling BTC when the stock price is below NAV and financing dries up, amplifying market panic. Although QT has ended, the probability of a rate cut in December has risen to 87%, and ETFs have seen renewed net inflows, the BTC correction after a previous 15% rebound is normal, with the key being whether it can hold the previous low.

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