Glassnode and Negentropic Analyze Impact of Japanese Rate Hike: Bitcoin Expected to Thrive After Policy Pressure

According to reports, Glassnode and Negentropic analyzed the impact of the Japanese rate hike on X platform, pointing out that the market fears uncertainty more than tightening. Sometimes market volatility can be an opportunity. The normalization of Japanese central bank policy actually brings clarity to global capital markets, and Bitcoin typically thrives after experiencing policy pressure. Previous analysis suggested that the Japanese rate hike may not trigger a safe-haven sentiment in the crypto market. Speculators currently hold a net long position in the yen, so they are unlikely to react quickly to the Japanese central bank's rate hike. Furthermore, Japanese government bond yields have been climbing this year, with both short-term and long-term yield curves hitting new highs in decades. The upcoming rate hike reflects official interest rates catching up with the market pace, indicating a low likelihood of risk aversion sentiment emerging by the end of the year.

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