🚨 BOJ raises interest rates on 19/12 putting $BTC into a "risk-off" position
$BTC is facing macro pressure again as the market prepares for the possibility of the Bank of Japan (BOJ) raising interest rates on 19/12. Currently, BTC is around $86,326, down more than 4%/24h — short-term sentiment has clearly shifted to defense.
The point that stresses the market is the yen carry trade:
• For many years, Japan's interest rates have been extremely low → borrowing JPY is cheap → pumping capital into high-yield assets like Bitcoin
• If BOJ hikes → borrowing costs increase → risk of unwinding positions → pulling global liquidity
• History shows that similar policy shifts have often accompanied BTC corrections of 20–30%, so the downside is being scrutinized very closely
The current picture (the numbers are still "formidable," but sentiment has changed color):
• Market cap: $1.72T
• Dominance: 59%
• Daily volume: $46.5B
• Fear & Greed Index: 22 (Fear) → the level of concern is high, especially for those using leverage
Technical indicators are being suppressed:
• Price is below key MAs, RSI below 50 → weak momentum
• Survival threshold: $85,262 (a decisive break could open the door for deeper adjustments)
• Resistance for recovery: $90,500–$91,300
• Major psychological level: $100,000
Institutional capital is also "tightening up":
• Bitcoin spot ETFs recorded $357.6M net outflow on 15/12, reinforcing the market's defensive state
In conclusion: short-term volatility may continue, but pullbacks due to macro factors often represent a "repositioning" phase for the long term — the question is whether you have the discipline, especially when using leverage.
