#大户持仓变化 The Bank of Japan's next move is triggering a chain reaction in the global markets. December 19th is an especially critical point— the central bank is expected to implement the most aggressive interest rate hike in thirty years. Although the 25 basis point increase is not shocking, it carries significant weight in the current market environment.

Once the rate hike expectations emerged, risk assets were the first to be affected. $BTC, as a barometer of risk appetite, has become a "target" in the eyes of many analysts. Some research institutions openly state: if the expectation of yen appreciation is confirmed, Bitcoin could face considerable selling pressure, potentially dropping to the $63,000 range.

This is not alarmist. Macro policy tightening often weakens investors' risk appetite, and during liquidity contraction, the volatility of the crypto market becomes even more unpredictable. Currently, the world is still digesting this series of signals, and the next key time window depends on the market's actual response.