Analysis: Recent pullback in crypto market linked to weakening Asian economic conditions and strategy comments

After Thanksgiving, Bitcoin experienced a downturn driven by macroeconomic weaknesses in Asia, notably linked to the Bank of Japan’s hawkish stance and declining non-manufacturing activity in China.

Comments from Strategy’s CEO intensified the selloff, heightening concerns about Bitcoin’s liquidity. The next trading days are critical for Bitcoin’s price stability amidst growing bearish pressure.