“Why is Bitcoin being ‘devalued’ this week? Familiar traces from BoJ policy” The strong fluctuations this week did not come from unexpected bad news, but from macro expectations – specifically, the Bank of Japan (BoJ) is gradually moving away from its ultra-loose monetary policy.

History shows this is not a new story.

📅 01/24/2025, BoJ raised interest rates from 0.25% to 0.50%, the market reacted very clearly:

$BTC BTC saw capital flow onto the exchange → investors reduced risk

Funding rate decreased → leverage was unwound

Prices adjusted in the short term, but the long-term trend structure was not broken

Back to the present, a similar scenario is repeating:

Yen strengthening → carry trade transactions being unwound

Leverage pulled from the market

Prices being “pressed” in the short term, causing a sense of panic

Important point: this is a liquidity rebalancing process, not a significant trend change. Last time, after leverage was reset, Bitcoin stabilized and continued to move in the main trend.

👉 Therefore, instead of panicking over short-term fluctuations, look at the macro picture: macro does not create crises – it only explains the noise of the market.#BoJ #CryptoMarket