#BOJ there is a 97% chance it will raise interest rates to 0.75% ( According to #Polymarket ) – This is the highest level since 1995, and Bitcoin clearly does not like this
❓ Why?
History shows that every time the BoJ raises interest rates, $BTC reacts very badly.
The last 3 interest rate hikes by the BoJ
🔸 03/2024 (+10bps): BTC decreases by ~23%
🔸 07/2024 (+15bps): BTC decreases by ~30%
🔸 01/2025 (+25bps): BTC decreases by ~32%
Why does Japan have such a strong influence on #Bitcoin
🔹 Japan is the largest holder of U.S. bonds in the world
🔹 When domestic interest rates rise, capital flows back to Japan
🔹 Global USD liquidity is declining, risk assets like #BTC are being sold off 🔥
🆘 Signs have appeared very clearly
On November 30, right when the market confirmed that the BOJ would raise interest rates: BTC fell to ~$83,000, over $200 billion in crypto market cap evaporated
The market is waiting for an answer: Is the drop before the news just the beginning?
❗️ Market update information, not investment advice. #DYOR #Backcomio