Tomorrow is the day the Bank of Japan may raise interest rates. How will the market react this time? Remember the last black swan event? Everyone saw how strong that shock was. The market had already digested the rate hike expectations this time, but the real test is just beginning.

Honestly, many people are still a step behind in sensing macro events like this. Seemingly known news often isn't fully reflected in market pricing yet. For BTC and ETH, the two main cryptocurrencies, the short-term impact probably won't be small. It could either release risk or rebound early; the key depends on how funds choose their side.

This move by the Bank of Japan involves subtle changes in global liquidity. An easing cycle is usually favorable for crypto assets, while rate hike expectations tend to trigger selling pressure on risk assets. The current position is very delicate—neither clearly upward nor directly downward.

Looking at whale movements, smart money has already been positioning in advance. For ordinary participants, it’s crucial to watch every detail in the market over the next few days. Every statement and decision from the central bank could become a turning point in the market.