This morning's drop was due to market speculation that the Bank of Japan would suddenly raise interest rates, as Governor Ueda spoke and expressed his intention to adopt a more hawkish stance.

Currently, prediction platforms believe that the probability of raising interest rates outweighs that of not raising them. Whether it's Bitcoin, the Nikkei 225, or the Korea Composite Stock Price Index, they all had a poor performance today in the Asian market.

Japan's low interest rates have always represented cheap funds in Asia.

These funds are then borrowed to the market for arbitrage, and raising interest rates will increase the cost of capital. $BTC $ETH #ETH走势分析