#以太坊行情解读 After the Bank of Japan's rate hike, why is the market reaction so subdued? Frankly, this is a covert contest between the Federal Reserve's liquidity policy and the Bank of Japan's policy direction. On one side is the continued expectation of easing in the US, and on the other is Japan's determination to tighten. These two forces are competing.

From the crypto market perspective, $BTC has received significant institutional support, but this rally carries considerable risks—altcoins are the most vulnerable. When liquidity begins to tighten, tokens lacking strong fundamentals are the first to come under pressure. $ETH and $BNB are relatively resilient, but the risk for small and mid-cap coins is clearly rising.

Currently, the most critical factor is the outcome of the game between the two central banks' policies. It’s prudent to observe and wait for the market to give clear signals before taking action.