ME message, December 14 (UTC+8), Glassnode co-founder Negentropic stated, "The market is not afraid of tightening (interest rate hikes), but rather afraid of uncertainty. The normalization of the Bank of Japan's policy brings clear expectations for the global financing environment, even though leverage may be under pressure in the short term. Yen arbitrage trading has noticeably contracted, and volatility means opportunity; Bitcoin often strengthens after policy pressure is released, rather than before. Chaos decreases, signals strengthen. This looks like preparation for asymmetric upside risk." (Source: ME)