F*ck his blood mom, I woke up to the sky falling. The expectation of interest rate hikes in Japan has crashed the crypto world. At this moment, blindly following the trend to sell coins will be Rekt!

The Governor of the Bank of Japan, Kazuo Ueda, along with several committee members, has been sending out hawkish signals intensively. The market expects that an interest rate hike in December or January next year is almost certain, driving the yen stronger and pushing Japan's short-term government bond yields to a sixteen-year high.

1. These remarks have triggered a global stock market and crypto market crash today. The core reason is not the "interest rate hike" itself, but the exit from negative interest rates for the first time in 30 years, which has forced the global yen arbitrage chain to contract. For more than a decade, global funds have borrowed yen at extremely low costs to invest in high-yield assets such as U.S. stocks, tech stocks, gold, BTC, ETH, and SOL, which is an important "invisible faucet" for global risk assets.

2. After Japan raised interest rates, borrowing yen is no longer cheap, and expectations for yen appreciation have increased. Global yen arbitrage positions are facing huge loss risks, forcing institutions to close their positions. To repay yen, they sold off high-volatility, best-liquid assets—thus BTC, ETH, and US tech stocks became the first targets to be dumped, and the crypto market experienced even steeper declines due to its 24-hour trading and high leverage characteristics.

3. This crash is essentially a technical shock of a one-time "global deleveraging", rather than a systemic financial crisis, and it does not change the medium-term liquidity direction of the Fed ending balance sheet reduction in December and entering a rate cut cycle in 2026. In the short term, there may still be a 3–5% inertia drop, but it belongs to emotional replenishment. The short-term bottoming structure of BTC has not changed.
In summary: Japan has only symbolically exited negative interest rates, and there is limited room for further rate hikes. In contrast, the crypto world is still dominated by the United States, where the Federal Reserve continues on a path of cutting interest rates, and the medium to long-term liquidity trend remains upward.

Almost all altcoins in the crypto world have fallen to historical lows, generally sitting at an absolute bottom range. At this moment, cutting losses due to panic is the most regrettable decision in this round of the major cycle. At this low point, you should at least wait for a rebound before exiting.