#日本央行加息至31年高位 Japan has raised interest rates again! This time straight up to 1.25%, the highest in 31 years 😱
Honestly, I was a bit panicked every time Japan raised rates before. After all, in August 2024, when that rate hike happened, the yen carry trade liquidation caused Bitcoin to drop directly from 65k to 50k, wiping out $60 billion from the crypto market.
But this time is different:
$BTC has held above $77,000 after the hike, and BTC/JPY is also up 0.5%. The market’s concerns about a “carry trade reversal” now appear clearly overblown.
However, Ueda Kazuo said that further rate hikes could be consecutive, even as much as 50 basis points in a single move. This means the cost of yen funding will keep rising, and the era of cheap global liquidity is gradually coming to an end.
Brothers, do you think this round of Japan’s rate hikes is already “bearish to the point of exhaustion” for Bitcoin, or is it just quiet before the storm?
Honestly, I was a bit panicked every time Japan raised rates before. After all, in August 2024, when that rate hike happened, the yen carry trade liquidation caused Bitcoin to drop directly from 65k to 50k, wiping out $60 billion from the crypto market.
But this time is different:
$BTC has held above $77,000 after the hike, and BTC/JPY is also up 0.5%. The market’s concerns about a “carry trade reversal” now appear clearly overblown.
However, Ueda Kazuo said that further rate hikes could be consecutive, even as much as 50 basis points in a single move. This means the cost of yen funding will keep rising, and the era of cheap global liquidity is gradually coming to an end.
Brothers, do you think this round of Japan’s rate hikes is already “bearish to the point of exhaustion” for Bitcoin, or is it just quiet before the storm?