⚠️The panic from Black Monday continues! The threat of Japan's interest rate hike looms large—sell off, exit, or accumulate? The crypto market’s "Black Monday" panic is still brewing, with prices deeply stuck in a correctional quagmire. Retail investors are frantically selling amid expectations of tightening liquidity, while the December rate hike by the Bank of Japan is imminent—this "sword of Damocles" intensifies the battle between bulls and bears. Investors face tough choices😱 📉 Amid the panic sell-off, 110,000 traders wiped out with $270 million in liquidations. CoinGlass data shows that over the past 24 hours, more than 115,000 traders were liquidated across the network, with a total liquidation amount of $272 million. Long positions account for over 88%. Bitcoin continues to decline, briefly breaking below the key support of $85,000, with a decline of over 30% from its October high; Ethereum is on the brink, approaching the $2,900 support level. Mainstream coins are generally down more than 5%, while smaller tokens are plunging over 15% in a single day. Retail panic is being fully unleashed, with short-term holders rushing to cut losses and exit, pushing the market’s fear index into the "extreme fear" zone. 🔪 The Japan rate hike is set in stone, liquidity "lifeblood" will dry up. The Bank of Japan meeting on December 18-19 is the biggest market uncertainty right now. The probability of a rate hike has surged above 90%, with expectations to raise 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, which will drain market liquidity. Historical data shows that after each Japanese rate hike in 2024, Bitcoin has experienced a deep correction of over 20%. 🐋 Whales are counter-trend buying, concentrating holdings. In stark contrast to retail panic selling, institutions and whales are opportunistically accumulating. On-chain data shows that whales holding 10-10,000 BTC are continuously increasing their holdings, and some digital asset custodians are adding to their positions amid volatility. This divergence—retail selling and whale accumulation—is essentially a precise move by professional funds to capitalize on macro panic-induced "mispricing." 🤔 Three major options are before us—how to decide? - Sell off and exit: In the short term, the rate hike could trigger a new wave of liquidations, with Bitcoin possibly dropping to the $75,000-$80,000 range. If you cannot withstand extreme volatility, cutting losses may prevent larger damage, but beware of missing a rebound. - Hold and watch: Focus on the support levels of $85,000 for Bitcoin and $2,900 for Ethereum, which could hold or trigger technical rebounds. However, reduce leverage to avoid forced liquidations caused by liquidity tightening. - Accumulate and prepare: Suitable for long-term investors, who can stagger buys on dips for mainstream coins. But control position sizes (suggested not to exceed 10% of total funds per buy) and wait for the emotional recovery after the rate hike. Black Monday combined with expectations of Japan’s rate hike will only intensify market volatility. Will you choose to sell, exit, or add positions? Will the market bottom out after the rate hike? Share your decision in the comments👇#加密市场反弹 #比特币跌破关键价位 $BTC $GT $ETH