BlockBeats News, February 25th, the Japanese government nominated Asada Hitoshi and Satoh Amano as members of the Bank of Japan's Monetary Policy Committee. This personnel adjustment comes at a policy-sensitive time and is seen as a substantial impact on the future interest rate pace by Takahide Kiichi. The two nominees have a background in re-inflation, and the market interprets this as a tightening or biased caution, increasing policy uncertainty.After the announcement, the USD strengthened against the JPY in the short term. Although the new members' positions are still unclear, with members stepping down one after another, Kiichi still has room to shape the policy direction. If the Bank of Japan postpones rate hikes, the JPY weakness may continue to support the USD; conversely, a JPY rebound will trigger carry trade unwinding and amplify volatility.On the crypto market front, BTC completed a long liquidation at 62,400 and rebounded above 66,000, with around 66,683 being a densely populated area of about 56.5 million short positions. A round of long deleveraging has now been completed, and the focus is shifting to whether further short squeezing will occur. If a breakout is blocked, the price may fall back to 64,500–65,000 for rebalancing. Overall, the main theme of the market is still leverage reshuffling, and the pattern of liquidity sweeping within the range remains unchanged.

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