Yen interest rate hike, Bitcoin first falls and then surges? The overlooked truth and harvesting logic
When the Bank of Japan announced the end of the negative interest rate era and raised the policy interest rate to 0.1%, the global market was shaken. The mainstream narrative quickly pointed to a simple conclusion: Yen interest rate hike, global liquidity tightening, risk assets under pressure, Bitcoin at the forefront. Market sentiment panicked, and a round of selling seemed inevitable. However, if you only see this, you may be falling into a carefully orchestrated script—a 'stress test' aimed at washing out and restructuring the distribution of chips. The real logic is far more complex and cruel than 'interest rate hike equals bearish'.
Anticipated front-running and 'smart' plunge: The market has long priced this in
One of the core rules of financial markets is 'buy the expectation, sell the fact'. The yen interest rate hike is not a sudden black swan, but a 'clear signal' that has been brewing for a long time and chewed over repeatedly by the market. Keen funds had begun adjusting their positions weeks or even months before the decision was announced. Therefore, when you see Bitcoin drop at the moment the interest rate hike is confirmed, it is not a reaction to the news, but rather a concentrated clearing of the remaining panic selling after the expectation is fully realized, and most importantly—a final test and utilization of market sentiment by the main forces.
The drop at this time often presents 'extreme reduction in volume' characteristics. This means that most steadfast holders have long been unmoved, and the floating chips in the market are scarce. Speculators or large funds do not need to sell a massive amount of chips; they only need to ignite the downward fuse with a relatively small amount of 'A chips', taking advantage of algorithmic trading and the panic of retail investors to trigger a 'long kill long' stampede. Retail investors panic and follow the trend, dumping 'B chips', 'C chips', as prices slide into deeper troughs under mutual trampling, while the orchestrator of this drop quietly re-acquires more and cheaper chips at low levels. The entire process is not the orchestrator transferring wealth cheaply, but a precise cleaning aimed at unstable holders. In the end, the orchestrator's chips increase rather than decrease, while retail positions shrink in fear. The drop becomes a cruel tool for wealth redistribution. #加密市场观察 $BTC
