Speaking of the biggest recent risk, it has to be the Bank of Japan’s rate hike on December 19. That said, the drop on December 1 already priced in some of the impact in advance. If this rate hike isn’t stronger than expected, or if there aren’t any particularly hawkish signals, then when the decision is actually announced, the market reaction will probably be pretty muted. As for whether there will be a rally around Christmas—there’s still a bit of hope in my heart for that 😊
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CexIsBad
· 22h ago
The Bank of Japan's wave is really a paper tiger; the ambush was set long ago on December 1st.
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RiddleMaster
· 12-10 02:15
The Bank of Japan's move is indeed crucial, but I think the wave on December 1st already took away half of the suspense.
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StablecoinAnxiety
· 12-09 22:23
It feels like the Bank of Japan's move has long been seen through; the market isn't that naive.
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SatoshiHeir
· 12-09 16:33
It should be noted that the drop on December 1 has already been priced in by on-chain data—this is by no means a coincidence, but rather a reflection of market rationality. Unless the Bank of Japan’s rate hike comes with unexpected signals, it’s nothing more than a “paper tiger” as anticipated. Christmas rally? Based on historical cycles, the probability is no more than 45%.
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GrayscaleArbitrageur
· 12-09 16:30
It's really hard to say how deep that drop on December 19 will go, but I've already set my psychological price point.
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GmGmNoGn
· 12-09 16:28
That level on December 19th was honestly already fully absorbed a long time ago, so what kind of upside surprise are you still expecting now?
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LiquidationWatcher
· 12-09 16:27
The Bank of Japan situation feels like it’s already been hyped to the max, so what’s there to be afraid of?
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metaverse_hermit
· 12-09 16:05
The Bank of Japan thing has been hyped for a long time. When it actually happens, there’s barely any reaction. This is a common pattern in the crypto space.
Speaking of the biggest recent risk, it has to be the Bank of Japan’s rate hike on December 19. That said, the drop on December 1 already priced in some of the impact in advance. If this rate hike isn’t stronger than expected, or if there aren’t any particularly hawkish signals, then when the decision is actually announced, the market reaction will probably be pretty muted. As for whether there will be a rally around Christmas—there’s still a bit of hope in my heart for that 😊