2025-12-02 12:51:17

#特朗普加密货币政策新方向 The unexpected policy signal released by the Bank of Japan is triggering a liquidity storm in the crypto market.

On December 2, the Governor of the Bank of Japan, Kazuo Ueda, publicly stated that interest rates may be raised this month, which immediately triggered a chain reaction of yen arbitrage trading. In recent years, a large amount of capital has been borrowed in low-interest yen to invest in high-yield assets (including encryption markets), and the expectation of a rate hike forced these positions to be quickly closed.

The market reacted extremely violently: $BTC fell below the psychological threshold of $85,000 within a few hours, hitting a low of around $84,000; $ETH simultaneously dipped below $2,900. According to on-chain data, the liquidation scale in the crypto market exceeded $500 million within 24 hours, resulting in heavy losses for bulls.

Analysts have pointed out that this fluctuation is quite similar to the market performance after the quantitative tightening policy adjustment in 2019—what's different is that the leverage ratio of the entire crypto ecosystem has reached historical highs, making the risk exposure even more dangerous.

The key support level is currently at $84,000. If this level holds, combined with the Federal Reserve's December meeting (with the market currently expecting a rate cut probability as high as 87%), $BTC may have a chance to return above $90,000. However, it is important to be cautious as this operation by the Bank of Japan may just be the beginning of a global liquidity tightening cycle, making subsequent fluctuations difficult to avoid.

BTC0.2%

ETH2.48%

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PhantomMiner

· 12-05 05:40

The Bank of Japan's move is brilliant; it directly cleared out those who survive on arbitrage.

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CryptoPhoenix

· 12-03 20:33

Remember, staying calm is most important when you're losing money. 84,000 is the bottom signal—opportunity has arrived. --- Once again, it's the Bank of Japan causing trouble, but what I really want to know is why they manage to trigger my stop-loss every single time. --- This drop is actually flushing out weak hands. True believers should increase their positions—rebirth starts from this very moment. --- $500 million in liquidations? What does that mean? It means the bottom isn't far away. Bear markets build mentality—just wait. --- If 84,000 can't hold, I'll just laugh. That would truly be the beginning of a phoenix rebirth; value recovery is just ahead. --- The Bank of Japan really knows how to pick their timing, but every liquidity shock is a great opportunity to ride out the cycle. Why are you all panicking? --- Back in 2019, it was just small waves. Now the leverage is so high, it actually shows the market needs a cleanup. I see this as a good thing. --- Don't run—this is the real bottom range for building positions. Be patient; the dawn will come for sure.

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HodlTheDoor

· 12-03 15:38

The Bank of Japan is stirring things up again. I really can't make sense of this wave of leveraged liquidations. If 84k can't hold, we'll probably have to go back down to the 70k range, right?

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NestedFox

· 12-02 13:19

The Bank of Japan's actions this time are really amazing; it's not like they haven't gone through it before... They should have seen through the yen arbitrage situation long ago.

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SnapshotDayLaborer

· 12-02 13:17

The Bank of Japan is stirring things up again, and now the leveraged traders are getting liquidated. When the yen arbitrage collapses, everything collapses; those in the crypto world who are financing really need to wake up. Can it hold at 84000? I think it's precarious. Speaking of which, that wave in 2019 was quite fierce; now the leverage is even crazier. Wait to see the Fed's play; only then will we know the real story. If this wave falls below 80000, I need to seriously consider whether to enter a position. Will the Bank of Japan really raise interest rates? It always feels like a mix of truth and illusion. 500 million dollars liquidated; long positions really went back to square one overnight. Can it really bounce back to 90000? I'll put a question mark on that. This liquidity storm is just beginning; how will it unfold from here?

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DataBartender

· 12-02 13:10

The move by the Japanese Central Bank is indeed fierce; I really didn't expect the arbitrage positions to get liquidated so drastically. --- If 84000 dollars can't hold, it looks like we're going to fall another round; the leverage is so high that the risk is too great. --- Another liquidity storm is brewing; this rhythm is a bit like 2019, but now the ecosystem is much more fragile. --- Can the Fed's interest rate cut really save the situation? It feels like global central banks are playing with fire. --- With a clearing scale of 500 million dollars... long positions have all been played people for suckers; this wave is too fierce. --- The key still lies in whether we can hold at 84000; otherwise, we will directly breach the defense. --- Japanese Central Bank: I have raised interest rates, and the whole world follows to the grave; what's the point? --- Every time during such moments, we can see clearly who is swimming naked; those with high leverage must be feeling very uncomfortable right now. --- If we can't return to 90000, this market trend might just reverse. --- Central banks are sending signals one after another; are they digging a pit for us in advance?

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CantAffordPancake

· 12-02 12:55

The Bank of Japan really nailed it this time, directly clearing out all the leveraged players, 500 million dollars in liquidation, I laughed my ass off.

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