The Impact of Asian Factors on Bitcoin's Fall: QCP Capital Analysis
Date: 2025-12-02 Author: Henry Casey Categories: CRYPTO PAYMENTS
By early December, pressure intensified in the crypto market, and the main driver of the decline, according to QCP Capital analysts, was economic concerns emanating from the Asian region. In the morning hours of December 1, Bitcoin fell below $86,000, and this trend was not due to a single event, but to a combination of macro signals that investors perceived as a threat to further growth in digital assets.
One key factor was the statement by Bank of Japan Governor Kazuo Ueda. His cautious hint at a rate hike led the market to price in a nearly 76% probability of policy tightening by December 19. Such a prospect, as QCP Capital notes, traditionally reduces interest in risky instruments, including cryptocurrency. Amid expectations of rising rates, market participants increased profit-taking, exacerbating the correction.
An additional blow to sentiment came from the latest Chinese services PMI, which fell below 50 for the first time in nearly three years. Experts interpreted this result as a sign of cooling in Asia's leading economies and a possible contraction in global liquidity. The decline in business activity in China, one of the world's largest financial centers, heightened investor anxiety and accelerated sell-offs in the crypto sector.
The situation was further exacerbated by MicroStrategy CEO Phong Le's statement about the potential sale of some Bitcoin if the company's shares fell below their NAV. This added to market anxiety, as MicroStrategy is traditionally associated with the largest corporate investments in BTC, and any sell-off signals are perceived as a potential risk.
Nevertheless, QCP Capital emphasizes that the global macro environment is not without positive conditions. According to Kalshi, the probability of a US rate cut has reached approximately 87%, and the QT program has officially ended, increasing the appeal of assets with a limited supply. Furthermore, Kevin Hassett, known for his support of the cryptocurrency sector, is among the candidates for the post of Federal Reserve Chair, which could have a long-term impact on market dynamics.
Experts believe that the coming trading days will reveal whether Bitcoin can regain market confidence and remain positive by the end of the year. QCP Capital notes that "old" large holders of the coin have previously focused on the BTC price, exerting selling pressure, and now the question of the trend's sustainability is once again particularly pressing for the market.
