Bitcoin took a sudden nosedive from $91k to $86k this week, and honestly, the fundamentals weren't the problem. Macro conditions? Actually looking decent.

The real culprits came out of Asia. Japan's central bank struck a surprisingly hawkish tone that caught markets off guard, while China's latest PMI numbers came in weaker than expected. That one-two punch rattled sentiment fast.

But here's the kicker—Strategy dropped hints that it might offload BTC if its modified net asset value crosses certain thresholds. That spooked quite a few holders, adding fuel to the sell-off.

Ironically, this all happened right as quantitative tightening winds down, rate-cut probabilities climb higher, and spot ETF flows were finally showing signs of reversing into positive territory. Sometimes the market just doesn't care about the good news.