The Bank of Japan raised its benchmark interest rate by 25 basis points as scheduled. This move continues to advance its process of exiting ultra-loose monetary policy, which was already anticipated by the market, resulting in a relatively stable reaction.

Along with changes in the global central bank policy pace, the sentiment in the crypto market is also adjusting. Recent volatility indeed reflects the complexity of the macro environment, especially in the context of strong US data performance, with commodities like #美国就业数据表现强劲超出预期 worth observing. Changes in correlations between different asset classes are redefining investors' risk preferences.

As signals of tightening monetary policy become more evident, the tidal effects on market liquidity often impact multiple sectors. At such times, closely monitoring the pace of monetary policy in various countries and market feedback can be very helpful in understanding short-term trend patterns.