Countdown to Japan's interest rate hike! Bitcoin is facing a critical threshold of 80,000!
After 30 years, the Bank of Japan will take significant action on December 19! There are rumors that a 75 basis point hike is just clickbait, while the actual increase is 25 basis points to 0.75%💥
Don't underestimate these 25 basis points! The low-interest yen was once a free leverage tool in the crypto circle, with countless 'yen debtors' leveraging it to trade cryptocurrencies. Now that interest rates are rising, arbitrage funds will quickly flow back to Japan, and Bitcoin will be the first to be sold off!
Currently, the crypto market is like a naked runner in the eye of a typhoon: arbitrage trades are being forced to close, risk assets are collectively being repriced, and the coins in your wallet could at any moment turn from 'financial freedom' to 'freedom of wealth'😱
But don't panic! The key is to watch the press conference of Governor Ueda—if he hints at a 'gradual rate hike', the market might just feel a breeze; if he suggests a continued increase next year, the crypto circle might directly experience a rollercoaster crash!
It is highly likely that funds will flee in advance on December 19! Can Bitcoin hold the line at 80,000 dollars? Will altcoins collectively plummet?
Advice: Hold tight to your spot with your left hand, grip your cash with your right hand, and keep one hand free for takeout! In the coming days, you might have to watch the market while crying and eating instant noodles🍜
Posted with Speem