The Bank of Japan announced that it will implement a 25 basis point rate hike on December 19. As the largest holder of U.S. Treasury bonds, Japan's monetary policy adjustments often trigger a chain reaction in global financial markets.

Historical data shows that this correlation is worth noting. During the March 2024 rate hike cycle, Bitcoin fell by 23%; in the policy adjustment in July of the same year, the decline expanded to 26%; by January 2025, the drop reached 31%. Every tightening operation by the Bank of Japan has been accompanied by a Bitcoin decline of over 20%.

Once again, a rate hike window is about to open. Market participants are speculating: will Bitcoin come under pressure again this time? Some analysis suggests that if the historical pattern continues, the psychological threshold of $70,000 may become a new support level. However, on-chain data and institutional holdings are also constantly changing, and relying solely on historical correlations for judgment still requires considering other market signals.