đš BOJ Rate Hike Hits Crypto: Bitcoin Feeling the Heat đđŻđ”
Bank of Japan just raised rates by 25bps to 0.75% on Dec 19 â highest in 30 years. History shows BTC often drops 20-30% after these moves due to yen carry trade unwinds and liquidity squeeze. â ïž
Right now, $BTC hovering around $88K (down from recent highs near $94K+). If pattern repeats, we could test $70K support soon. Alts already bleeding hard. đŹ
Japan holds over $1.1T in US Treasuries â their policy shifts ripple globally, forcing traders to close positions and de-risk. Rising JGB yields adding more pressure.
Short-term volatility ahead, but past dips led to strong recoveries. đ§
HODL tight or buy the blood? What's your play? đđ