The yen is tightening over there, while the Federal Reserve is loosening here, BTC: Who am I and where am I?🌀
Now the macro situation really feels like a "back-and-forth slap":
The central bank in Japan is pressured by inflation and exchange rates, and the market generally thinks it will increase to 0.75%, with the possibility of continuing to rise;
On the American side, the Federal Reserve has already cut interest rates slightly for the third time in a row and is hinting that it may not continue to decrease significantly in 2026 #ETH走势分析 , with various opinions flying around.
BTC is just stuck in the middle:
Yen interest rate hike → Yen arbitrage positions become uncomfortable, considering reducing various risk assets; #加密市场反弹
Fed rate cuts → Equivalent to giving an overall risk asset a bit of "anesthetic," preventing immediate shock;
On the ETF side: big losses in November, slight recovery starting in December, but it’s still early for the “passionate years.”
So this current trend looks particularly confusing:
Bulls feel the position isn't low but believe in long-term logic;
Bears think there is still room but are also hesitant to heavily invest.
For ordinary retail investors like me, it’s actually a bit enlightening:
When the macro situation is arguing, what’s most likely to happen isn’t a "direct crash," but rather a gradual erosion of your mindset.
A saying for you and me, who share the same plight:
Don’t treat macro as a script to copy, and definitely don’t treat leverage as an emotional outlet.
Just for recording a corner of the market, not an investment advice $BTC
