Oh my god, Bitcoin has dropped again? 🙈 Just a moment ago, it was around $85,000, and now it has actually fallen to $84,456! I read the news saying it's because Japan is going to raise interest rates, causing those who borrowed yen to trade cryptocurrencies to rush to close their positions, which suddenly caused the drop...

I want to ask everyone, what does "arbitrage liquidation" really mean? Is it that someone borrowed money using low-interest yen to buy Bitcoin, and now that the Bank of Japan is raising interest rates and the interest will go higher, they have to sell their coins quickly to pay back the loan? 😅

After reading the analyst's explanation, I feel that $85,000 is a key support level. If it breaks below 85,000, it might continue to fall to 80,000... It's really nerve-wracking 😰 But I also heard that some people are optimistic that Bitcoin can rise to $1 million. The volatility is so high that beginners can easily get scared.

Should I buy the dip now or keep observing? Can any senior help me understand the logic behind this market movement? I feel like I learn something new every day. Although I’ve been scared before, exploring the crypto world is indeed quite interesting 💪