#数字资产市场洞察 Former Vice Governor of the Bank of Japan, Masazumi Wakatabe, recently put forward a viewpoint: considering Japan's neutral interest rate level, the central bank should be cautious when adjusting policies—avoiding rushing to raise interest rates or over-tightening. Once this statement was made, the market reacted quite strongly.

The shift in interest rate policy direction directly affects the valuation logic of risk assets. When the central bank signals a more dovish stance, liquidity-rich assets like $ETH, $SOL, and $BNB often get a breathing space. After all, a loose monetary environment will reignite the demand for high-yield assets.

Of course, there is also considerable uncertainty here. Every move by the Bank of Japan influences global liquidity expectations, and the crypto market, being sensitive to interest rates, naturally reacts first. Looking at the recent market fluctuations, it's clear that everyone is betting on whether the central bank will continue to hold steady or not.