BlockchainPioneer
The Bank of Japan's latest rate hike has arrived, but the market isn't as panicked as last time.
Do you remember the last time? As soon as the rate hike news was announced, Bitcoin plummeted from 65,000 to 50,000, and Ethereum dropped below 2000 from 3000. The entire community was screaming. But this time, the script is indeed a bit different, supported by two core reasons.
**First is that the market has been psychologically prepared for this**
The net long positions in the Japanese yen have accumulated quite a bit recently, and there's little room for short-term speculative trading to push it
View OriginalDo you remember the last time? As soon as the rate hike news was announced, Bitcoin plummeted from 65,000 to 50,000, and Ethereum dropped below 2000 from 3000. The entire community was screaming. But this time, the script is indeed a bit different, supported by two core reasons.
**First is that the market has been psychologically prepared for this**
The net long positions in the Japanese yen have accumulated quite a bit recently, and there's little room for short-term speculative trading to push it