According to Odaily, Adam, a macro researcher at Greeks.live, stated on the X platform that the movements of the Bank of Japan significantly influence all risk assets. Recently, the Bank of Japan's hawkish remarks have severely impacted cryptocurrency prices. It is crucial to monitor the Bank of Japan's actions this month, as a large proportion of global macro trading is based on the yen. An increase in yen interest rates could shake the entire financial market. Last week's significant decline has paused, and the market is recovering, leading to a drop in implied volatility across major maturities. The cryptocurrency market has maintained a broad oscillating trend since March, with Ethereum particularly sluggish and experiencing a substantial drop in exchange rates.

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