Odaily Planet Daily reports that glassnode co-founder Negentropic analyzed the impact of Japan's interest rate hike on the X platform. He pointed out that what the market fears is not tightening, but uncertainty. Sometimes market volatility can actually present an opportunity. The normalization of the Bank of Japan's policies has brought clarity to the global capital market, and Bitcoin typically thrives after experiencing policy pressures.
Previous analyses have indicated that the interest rate hike by Japan is unlikely to trigger a risk-averse sentiment in the cryptocurrency market. Firstly, speculators currently hold a significant net long position in yen, making it unlikely to respond quickly to the Bank of Japan's rate hike. Secondly, Japan's government bond yields have continued to rise this year, with both short-term and long-term yield curves reaching new highs not seen in decades. The upcoming interest rate hike reflects that the official rate is catching up with the market pace, indicating a low probability of risk aversion sentiment emerging by the end of the year.
