On December 19, the Bank of Japan's monetary policy meeting is approaching, and it has almost become a consensus to raise interest rates again after many years. But don't be scared by the "historic level move"; the mainstream expectation is only to raise by 25 basis points to 0.75%, more like a slowly tightening faucet rather than a one-time explosion.

The real impact comes from arbitrage funds. In the past, the low-interest yen was an important fuel for risk assets, borrowing yen and pairing with high-volatility assets had become a norm. Now that interest rates are rising, this portion of funds may choose to flow back, and the already sensitive cryptocurrency market will naturally be the first to bear the brunt, with Bitcoin also likely to face pressure.

The key lies in the attitude of the governor during the press conference:

If the wording is relatively mild, the market may view it as an "event that has been digested";

If more hawkish signals are released, short-term fluctuations may be significantly amplified.

Overall, it is highly likely that funds will tend to be cautious before and after the meeting. Maintaining rhythm and keeping cash on hand is more important than being eager to make a statement. The next few days will be full of drama, watching who can maintain their mindset and wait for a more suitable position. #日本加息 #加密市场观察