CoinEx Daily: Bitcoin Plunges amid Extreme Fear as Japan Rate Signals and US Policy Shift Weigh

Daily View

Bitcoin has faced sharp declines, breaking below several on-chain support levels, with over $974 million in liquidations occurring in the past 24 hours. The market remains gripped by 'extreme fear,' as the Crypto Fear Index falls to 23, with sentiment under pressure from the Bank of Japan's hawkish comments and a high probability of US Fed rate cuts in December.