Today, the Bank of Japan(BOJ)'s interest rate decision will become a key turning point in the market. The market generally expects a 0.25% rate hike. Although this is just a quarter of a percentage point, it could be the final straw that breaks the camel's back for the massive yen carry trade. Historical data is in front of us—every time the BOJ raises rates, Bitcoin tends to fall by 20-30%, which is driven by deep-seated capital chain logic.

There are only three possible outcomes for today: a rate hike as expected may cause the market to fall first and then rebound, an unexpectedly large rate hike could trigger a sharp decline, and an unexpected no hike could push the market higher. But regardless of the scenario, sharp price volatility is already a certainty. Many people say "we need to control leverage"