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【The Truth Behind Market Phenomena】 Why Didn't Bitcoin Drop Significantly After Japan Raised Interest Rates to 0.75%?

Many friends were waiting for this moment last night—the "shockwave" from Japan's rate hike was expected to trigger a major market decline, providing a low-cost entry point. But the outcome was unexpected: interest rates surged straight up, yet the price of cryptocurrencies remained rock solid.

Behind what seems like a normal sideways movement, there are actually hidden currents. Two powerful forces are engaged in a tug-of-war deep within the market:

On one side, the era of Japanese arbitrage is ending. The cheap yen is no longer glamorous, and overseas arbitrage capital is retreating from global risk assets back to the homeland. This exerts downward pressure.

On the other side, institutions like BlackRock and Fidelity are making billions daily from Bitcoin ETFs, with hundreds of millions of dollars flowing in continuously, artificially supporting the price. This provides upward support.

What you see as "calm" is not really calm, but a fierce struggle between bulls and bears. Once one side suddenly lets go, the result could be a rapid plunge or a sudden surge—with no buffer in between.

The most pressing question is: in this whale duel, what is the role of retail investors? When institutions use macro data for precise hedging and algorithms to control positions at millisecond speeds, retail traders chasing price movements based on feelings are essentially "goods" on the chopping block.

So, what should you do now?

First, stop dreaming that a single piece of news can turn the tide. The crypto market has entered an institutional pricing era, and the space for information arbitrage is shrinking. Second, instead of obsessing over price fluctuations, focus on uncovering decentralized value supports that transcend macro cycles—that's the real "ballast." Finally, treat the current silence as a warning of an approaching storm; tighten your positions appropriately, retain sufficient liquidity, and wait until this institutional duel concludes to see the true trend emerge.

Remember one thing: in the cracks of the global liquidity game, surviving is always more important than making a quick profit. When the moment comes when the balance is broken, are you prepared?