Recently, the actions of the Bank of Japan are worth paying attention to. On December 19th, during the monetary policy meeting, they directly raised the policy interest rate from 0.5% to 0.75%, an increase of 25 basis points.

What does this mean? In simple terms, Japan's interest rate is now at its highest level in 30 years. For markets accustomed to a loose environment, this is a significant shift.

From the perspective of BNB and the entire cryptocurrency market, Japan, as a major global liquidity source, often triggers a reallocation of global capital when its monetary policy adjusts. An interest rate hike cycle usually amplifies the volatility of risk assets—on one hand, it may boost risk aversion sentiment; on the other hand, it could attract funds seeking high yields to reconsider alternative asset allocations. How this will unfold depends on the subsequent stance of the Federal Reserve and the interaction with policies around the world.