[QCP: BTC Drops Below $86,000 Due to Weak Asian Macro Sentiment and Market Panic] QCP Capital analysis indicates that Bitcoin's price plunged from $91,000 to $86,000, primarily influenced by two factors: first, the rising expectations of interest rate hikes by the Bank of Japan and the decline in China's non-manufacturing PMI, which pressured Asian macro sentiment; second, comments from Strategy CEO about potentially selling Bitcoin if stock prices fall below net asset value (NAV) and financing dries up, triggering market panic. Despite the end of quantitative tightening (QT), the probability of a rate cut in December rising to 87%, and net inflows into ETFs, Bitcoin's 15% rebound followed by this pullback is seen as a normal adjustment. The key now lies in whether it can hold the previous low point.