History always repeats itself. Last time the Bank of Japan announced an interest rate hike (July 24, 2031), Bitcoin fell by as much as 20% within the week. This time, even before the hawkish stance has officially taken effect, it has already dropped by 6%, demonstrating just how panicked and fragile the cryptocurrency market has become. PS: The logic behind the Japanese interest rate hike leading to a general decline in risk markets was discussed in a previous post.
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WaTell 蛙跳
@0xWatell
08-05
非常好的文章,我总结了一下:
日本政府 7.31 宣布加息至 0.25% ,紧缩程度超出市场预期
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日元走强,日元/美元大幅上涨
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套利交易员们开始平仓,抛售美股等风险资产
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将风险资产换回美元,美元再换回日元
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偿还在低利率时借出的日元,市场流动性进一步缩水 x.com/colinwu/status…


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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