Bitcoin Faces Major Price Drop Amid Japanese Financial Instability

Bitcoin saw a substantial price decline over the weekend, leading to $750 million in crypto liquidations, mainly from long positions. According to NS3.AI, this downturn is associated with financial instability in Japan, marked by a significant depreciation of the yen and a selloff in bonds, affecting broader risk assets. Investors are shifting towards traditional safe havens such as gold and silver, indicating increased market caution.