**【Explosion】Last night's crash culprit: The meeting rooms of two countries blew up your account**$TST $ETH
Wake up, don't just stare at the K-line. This bloodbath on December 1, 2025, originated in the two meeting rooms in Tokyo and Washington.
**Core bearish news: The Bank of Japan is about to 'withdraw liquidity'.** Governor Ueda Kazuo has almost clearly hinted that a rate hike may happen in December. This directly punctured the long-standing “yen carry trade” bubble in the global financial market — institutions borrowed yen at almost zero cost and exchanged it for dollars to invest in high-risk assets like Bitcoin. Once the yen interest rate rises, the cost skyrockets, and this trillion-level capital must urgently close positions and withdraw, creating frantic selling pressure. This is the underlying logic behind the market's flash crash.
**Emotional amplifier: The Federal Reserve's 'power play'.** Trump claimed that he has 'selected a new Federal Reserve chairman', combined with Powell's bizarre rumors of being 'fired' (though unconfirmed), created huge policy uncertainty. What the market fears most is 'unpredictability', especially when the helm of monetary policy may change. These two heavy punches, one real and one virtual, collectively shattered market sentiment.
**Professional perspective: This is not the end of the cycle, but a leverage washout.** Every time the yen interest rate shifts, it triggers a drastic revaluation of global assets. This sudden drop is essentially a forced elimination of high-leverage 'yen carry positions', laying a healthier foundation for the next round of market activity. Historical data shows that such panic-induced 'golden pits' often present good opportunities for institutional entry.
**What to do now?** In the midst of liquidity panic, stay rational: 1) Avoid high leverage; 2) Gradually buy core assets (BTC/ETH) when panic selling is excessive; 3) Set the Bank of Japan's December meeting date as a key observation point.
**Comment section interaction:**
In this crash, are you the 'carry position' forced to close, or the 'sniper' preparing to buy the dip? Share your positions and strategies; the highest likes will receive an in-depth macro analysis report.
(This article synthesizes public market information and analysis and does not constitute investment advice. The market carries risks; decisions must be made independently.)
