This Friday is Triple Witching Day, which occurs only four times a year 🔥🔥🔥🔥

Options and futures expire simultaneously, leading to increased trading volume and volatility as the norm. The market generally tends to be unpredictable, and emotions can easily be amplified.

On the macro front, we are closely monitoring the Bank of Japan.

On Thursday, the interest rate decision will be announced. The recent drop has already priced in some expectations for a rate hike in Japan. At that time, not just Bitcoin, but the Nikkei index also plunged. The market is worried about whether yen-carrying funds will be forced to close positions, repeating the chain sell-off seen in July and August last year.

In simple terms, the logic is:

Japan's long-term low interest rates make the yen the cheapest "borrowing tool" globally. Many funds borrow yen, convert to dollars, and invest in high-volatility assets like US stocks, tech stocks, and Bitcoin.

However, once the yen strengthens and rate hike expectations rise, borrowing costs increase. These funds will have to sell risk assets to repay, naturally transmitting pressure to the crypto and stock markets.

In the coming days, there are actually two factors at play:

The technical volatility brought by Triple Witching Day

The impact of the Bank of Japan's policy on risk assets

Short-term uncertainty is relatively high, and the market is prone to fluctuations.

It is advised to control positions, avoid confrontation, and manage risks first. If you are still feeling lost, you can chat with Sister Wen in the chat room.

$BNB $PIPPIN $PTB #山寨季将至？ #RWA总规模持续增长 #代币化热潮