Japan just did something crypto traders shouldn't ignore.
The Bank of Japan raised interest rates to 1.25% — the highest level in 31 years.
Normally Japan doesn't get much attention from crypto traders.
But it matters because cheap Japanese funding has historically been part of the global liquidity system.
Now we have:
• 🇯🇵 BOJ raising rates
• 🇺🇸 Fed tightening again
• 📈 U.S. 10Y yield above 5%
• 🛢️ Oil still above $100
• $BTC trying to hold the $80K area
That is a very different liquidity environment from the one crypto bulls would normally prefer.
And yet Bitcoin has recently managed to reclaim $80K.
That's what makes the next few days interesting.
I'm not watching for another headline pump.
I'm watching whether BTC can stay above $80K while global financial conditions are getting tighter.
If it can, that would say much more about underlying demand than another short-term breakout.
$BTC $BNB
#Bitcoin #BTC #Binance #Crypto
The Bank of Japan raised interest rates to 1.25% — the highest level in 31 years.
Normally Japan doesn't get much attention from crypto traders.
But it matters because cheap Japanese funding has historically been part of the global liquidity system.
Now we have:
• 🇯🇵 BOJ raising rates
• 🇺🇸 Fed tightening again
• 📈 U.S. 10Y yield above 5%
• 🛢️ Oil still above $100
• $BTC trying to hold the $80K area
That is a very different liquidity environment from the one crypto bulls would normally prefer.
And yet Bitcoin has recently managed to reclaim $80K.
That's what makes the next few days interesting.
I'm not watching for another headline pump.
I'm watching whether BTC can stay above $80K while global financial conditions are getting tighter.
If it can, that would say much more about underlying demand than another short-term breakout.
$BTC $BNB
#Bitcoin #BTC #Binance #Crypto