CoinVoice has recently learned that glassnode co-founder Negentropic published an analysis on platform X regarding the impact of Japan's interest rate hike. He pointed out that what the market fears is not the tightening itself, but the uncertainty; sometimes market volatility can actually present opportunities. The normalization of the Bank of Japan's policy has clarified the global funding market, and Bitcoin typically thrives after experiencing policy pressure. Previous analyses have suggested that Japan's interest rate hike may not trigger risk aversion in the crypto market. Firstly, speculators currently hold a significant net long (bullish) position in yen, making them unlikely to respond quickly to the Bank of Japan's interest rate hike. Secondly, Japanese government bond yields have been rising steadily this year, with both short-term and long-term yield curves reaching decades-long highs. The upcoming interest rate hike reflects that official rates are catching up with market pace, indicating a lower likelihood of risk aversion emerging by the end of the year. [Original link]

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