The Bank of Japan 🐷 has raised the interest rate knife high on December 19; this is not a signal of adjustment, but a "liquidity point clearance" targeting the cryptocurrency market. Mainstream coins and tokens like ZEC will face a brutal, top-down graded strangulation. $ETH
First Tier: Mainstream Coins (BTC/ETH) — "Ballast" becomes a "Withdraw Machine"
When hundreds of trillions of yen in arbitrage trades urgently need to be closed, Bitcoin and Ethereum, with the best liquidity and largest market cap, are the first choice for withdrawal machines. BTC will be the first to bear the brunt, experiencing the most direct selling pressure, setting the downward tone for the entire market. ETH is in even more danger, as its massive DeFi and staking ecosystem is built on cheap leverage; the withdrawal of liquidity will trigger a chain reaction of liquidations, and the decline may be even more severe than BTC. They are no longer safe havens but the first landing point of the storm.
Second Tier: ZEC and Similar Assets — "Panic Amplifiers" and "Zero Forecasts"
Altcoins like ZEC, which have weak liquidity but have not cleared their leverage, will present the bloodiest scenarios. Once mainstream coins start to bleed, the buying pressure for these assets will evaporate instantly, while selling pressure will trigger a cascading crash. It's not just about dropping more; it's a stark reflection of extreme market panic — forecasting the possibility of a large number of altcoins experiencing "liquidity deaths."
The core logic can be summarized in one sentence: The tide does not recede, but is directly drained by the central bank.
BTC determines how deep the drop will be, ETH determines how widespread the panic will be, while ZEC shows how tragic the bottom fishers will fare. In this layered slaughter, no token can remain unscathed. Will you choose to dance with whales, or wait onshore for the smoke to clear?
