The impact of Japan's rate hike on the crypto market: Understand in one sentence
1. Short-term decline: The cost of borrowing yen to trade cryptocurrencies skyrockets, leading to margin calls and capital fleeing, with BTC/ETH leading the sell-off. Leverage traders beware of liquidation!
2. After all negative news is out, a rebound follows: Once the rate hike is implemented and selling pressure subsides, market sentiment gradually recovers, and high-quality mainstream coins will recover first. $BTC #加密市场观察
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The impact of Japan's rate hike on the crypto market: Understand in one sentence
1. Short-term decline: The cost of borrowing yen to trade cryptocurrencies skyrockets, leading to margin calls and capital fleeing, with BTC/ETH leading the sell-off. Leverage traders beware of liquidation!
2. After all negative news is out, a rebound follows: Once the rate hike is implemented and selling pressure subsides, market sentiment gradually recovers, and high-quality mainstream coins will recover first. $BTC #加密市场观察