Everyone is watching the Federal Reserve and inflation, but the real short-term risk lies in Japan#市场触底了吗？

The Bank of Japan is expected to raise interest rates on December 18-19, and each recent rate hike has led to a sharp decline in Bitcoin:

- July 2024: -26%
- January 2025: -25%

Higher yen interest rates will hit arbitrage trading—investors will close positions and sell risk assets to repay yen loans#ETH走势分析

This sell-off will quickly impact stocks and cryptocurrencies

In the short term, another surge in volatility may occur

But Japan cannot tighten policy for long: GDP is shrinking, and the government has just introduced a 17 trillion yen stimulus to support liquidity#美联储降息预测 $BTC

After the turbulence, weak investors will be cleared out, selling pressure will ease, and markets will typically rebuild their foundations

Major global economies have already begun shifting toward more accommodative policies—this supports 2026 rather than stifling it

The short term is painful, but the long term is an opportunity$ETH $XRP