Last night, the Bank of Japan officially changed its stance, shifting to a hawkish position—wage increases, inflation exceeding expectations, and real interest rates clearly low, with plans to continue raising interest rates next year. What does this mean for the global markets? The decades-old yen arbitrage trade is about to end, and the machine that has been continuously "printing" global assets is being forcibly shut down.

It may seem like just a central bank policy adjustment, but the impact on the crypto world is far more than just the surface:

Global leverage is accelerating its loosening. Assets are beginning to reassess liquidity. Market styles will shift sharply from the previous "stable" to "volatile."

Honestly, if your position management still relies on the logic of "unlimited liquidity bull market," this turbulence could wipe out all your unrealized gains. True opportunities will indeed emerge amid the chaos, but only if you survive until that moment.

The current question is: Have you adjusted your positions in response to this yen storm? Or are you still operating according to old ideas? The future performance of coins like BTC, ETH, and DOGE largely depends on how global capital flows are reallocated. This reshuffle has just begun, and being prepared is more important than making predictions.