#加密市场观察 #Max Don't let those macro messages unsettle you anymore.

A few days ago, the Bank of Japan raised interest rates, reaching a 30-year high. According to the old script, the cheap global 'yen funding' should flow back, and risk assets should fall. But in reality? The market is very stable, and Bitcoin even rose.

This taught us a lesson: what the market fears is not the event itself, but 'uncertainty.' This rate hike was already anticipated by the market (with a probability exceeding 97%), and when the shoe dropped, it actually released the bearish sentiment. Everyone noticed that the Bank of Japan's approach was quite 'moderate,' stating that real interest rates remain negative and will maintain an accommodative environment. Global liquidity was not suddenly cut off.

So, if you keep trading based on news headlines, your emotions will surely be led astray. The real key is to see through the 'value hardness' of the assets themselves. Gold and Bitcoin, regardless of how many rounds of rate hikes and cuts, should rise in the long term. Their consensus and demand will not change due to a single policy adjustment.

So, in the crypto world, what is the true 'hard value'?

In my view, it is those things that do not rely on macro tides, but are rooted in essential demands and create real influence. For example, Giggle Academy addresses the long-standing demand for educational equity, which exists regardless of interest rates. And communities like @Max Charity are bringing this value proposition to life, turning it into a tangible reality.

Understanding this layer, you will realize: liquidity affects short-term rhythms but cannot rewrite long-term trends. By focusing on the value narrative of the assets themselves, you can hold on during fluctuations and smile in the end.