#美联储回购协议计划 US Stock Market Frenzy, Bitcoin's Desolation: The Shadow of Tokyo's Rate Hike Lingers
The US stock market's "Santa Claus Rally" is heating up, with the S&P 500 reaching new highs and gold refreshing its historical peak. However, cryptocurrencies surged then fell back, and Bitcoin's solo performance ended in gloom.
The residual impact of the Bank of Japan's rate hike to 0.75% has not dissipated. Traders executing arbitrage by buying cryptocurrencies with yen are still urgently closing positions, putting continuous pressure on Bitcoin as a "liquidity outlet." Even more cruelly, Bitcoin is "decoupling" from the Nasdaq index—while the Nasdaq rose by 0.8%, BTC fell by 1.2%, transforming from a "tech stock ally" into a market island.
The spot ETF once brought in massive capital but has now trapped Bitcoin within Wall Street's risk framework. Today, it is no longer "digital gold," but a victim of macroeconomic policies. After surging to $96,000, it quickly fell back, with $240 million in contracts instantly liquidated, exposing the leverage trap.
The Bank of Japan hinted at further rate hikes, while the Federal Reserve may cut rates, creating a dual divergence that puts Bitcoin in an awkward position. Investors must be clear-headed: macro policies are the only candlestick, leverage is self-destructive, and trading virtual currencies in China is considered illegal financial activity.
As traditional markets race to new highs, Bitcoin investors can only gaze longingly at Tokyo. That once-assertive "digital gold" that claimed to disrupt finance has now lost even the qualification to rise with the market.
【Interaction】 Will Bitcoin shake off the shadow of yen arbitrage, or will it permanently become a macro tool? See you in the comments! Follow + share to understand the truth of this "ice and fire" situation. $BTC
