#加密市场观察 Bank of Japan's Strong Statement:

Interest rate hikes are not the end, but the opening of a pathway. Today, a key comment from the Bank of Japan has been severely underestimated. If economic and price trends align with predictions, the policy interest rate will continue to rise. In plain language, this is not the end, but the beginning. Why is this statement more important than a 25 BP increase? The market has never properly priced in what has already happened, but rather what will happen next. The Bank of Japan has clearly released three signals:

1. This interest rate hike is not an isolated event.

2. The acceleration path depends on the data.

3. Action will continue if conditions are met, which means Japan is actively dismantling its role as a global low-cost funding ATM for the past 30 years. The trillion-dollar arbitrage trades supported by zero interest rates are now slowly observing why today's BTC long positions do not represent safety; short-term rebounds are merely the worst-case scenario, an untriggered response. The real risk is a structural change. In the coming months, funds will continue to withdraw from risk assets, and historical data rings alarm bells. After Japan's last three interest rate hikes, BTC fell by 23%, 26%, and 31%, with a common pattern of sideways rebounds, which is a typical way to kill off the interest rate hike pathway. Currently, the more dangerous aspect is the market sentiment turning bearish; the rebound sentiment is starting to recover, believing this time is different. The central bank has clearly told you not to let your guard down; this is not over. Global liquidity has entered a chronic contraction phase, the Federal Reserve is holding high interest rates steady, Japan is beginning to tighten, Europe is cautiously tightening, and there is no new global liquidity. Three key indicators to assess the mid-term impact:

1. Whether the yen continues to strengthen.

2. Whether U.S. Treasury yields are passively pushed up.

3. Whether the scale of carry trades decreases. If two of these occur, it means BTC pressure will persist. The clear conclusion is that Japan's continued interest rate hike statements and the chronic contraction of global liquidity will undermine BTC in the mid-term, meaning daily fluctuations are meaningless, and short-term rebounds are not secure. The real risk will spread over time. Finally, a reminder to the market: the most dangerous illusion is to think that not immediately falling means the risk has disappeared. The Bank of Japan has pointed the way; interest rates are rising, and the time for the valve to close slowly is now the biggest opponent. (#欢迎大家交流 🐶P U P P I E S🐶🐶) $BTC $ETH $BNB