Renewed reports that the Bank of Japan may tighten policy prompted a withdrawal of cheap global liquidity, driving a broad market sell-off that pushed crypto and stocks down roughly 5–10%. Bitcoin broke key support near $92,000, accelerating liquidations and putting $86,000, $78–80,000 and potentially $74,000 at risk. The Dec. 19 quarterly options expiry and thin late-week liquidity amplified volatility; a short-term relief rally is possible if the BOJ delays action, but macro-driven uncertainty could keep downside pressure into January.

Market fell ~5–10% after reports BOJ may tighten policy; Bitcoin broke support near $92,000 causing accelerated liquidations and identified downside targets of $86,000, $78–80,000 and potentially $74,000; Dec. 19 quarterly options expiry and thin liquidity amplified volatility; relief possible only if BOJ delays action.