$ASTER ，$ETH ，$ZEC
🔥 The Bank of Japan's surprise interest rate hike! Cryptocurrency enthusiasts take note, this wave may be stronger than you think!
🪙 On the 18th, the Bank of Japan will hold a meeting, and the market almost certainly expects the interest rate to rise from 0.5% to 0.75%. It's the highest in thirty years! More critically, none of the 9 decision-makers publicly oppose this, and it is said that more than half will support it, with Governor Ueda himself also leaning towards raising rates.
The impact of this on cryptocurrency trading is, in my view, more deadly than the U.S. interest rate hikes!
Why? Simply put, for the past few decades, the interest rate on the yen has been almost zero, making it the 'cheap fuel' for global capital. Many people borrowed yen to invest in U.S. stocks, Hong Kong stocks, and even buy Bitcoin—this is the classic 'yen carry trade'. Now that Japan is tightening, borrowing costs are increasing, and many people's first reaction will be to sell off high-risk assets and repay their yen loans.
Don't forget, the yen just strengthened in July, and at that time, Bitcoin fell alongside gold, with the market showing clear risk aversion. This time, it's an official tightening, and the impact will only be greater.
So what should retail investors do?
Don't panic, but stay alert!
First, keep a close eye on the yen exchange rate. If the yen rapidly appreciates after the interest rate hike, short-term selling pressure in global stock and crypto markets may come instantly.
Second, beware of 'linked declines'. The global market is currently like grasshoppers on a rope; if the Japanese stock market cannot withstand a crash, risk sentiment will immediately infect the crypto market. Don't naively think Bitcoin will always be a safe haven.
Third, exercise restraint and wait for the right moment. Events of this magnitude will wipe out a significant number of high-leverage positions. Our primary task as retail investors is to preserve our principal; don't rush to bottom-fish. Wait until the market digests the shock, uncertainty is lifted, and real opportunities emerge.
The market is already holding its breath, just waiting for the 18th to arrive. Do you think this interest rate hike by Japan will be the last straw that breaks risk assets, or a new starting point after bad news has been fully digested?
Let's discuss in the comments, when the storm comes, let's face it together!
