#山寨币行情启动在即？ The Bank of Japan finally raised interest rates after 30 years—by 25 basis points to 0.75%. The market initially thought it would be a black swan event, but Bitcoin responded with a textbook "V-shaped rebound." From the low of $84,418, it surged to $88,376, a 4,000-point reversal, indicating that both institutions and retail investors had prepared at this level.

Many people previously worried that yen arbitrage funds would massively flee and cause liquidations, but in reality, this panic was overthought. Japan's real interest rate remains negative, and the overall monetary environment is still relatively loose, not yet at the point of triggering chain reactions of liquidations. Instead, the previous panic selling has completely run its course, and new buying interest has come in to absorb the supply—this is a classic case of "bad news clearing the way for good news."

Even more interesting is that the macroeconomic conditions are actually quite favorable. US CPI has fallen to 2.7%, and the obstacles to a rate cut in January have basically been cleared. The recent rate hike is a negative factor that has now been realized, providing institutions and large investors with a comfortable entry point for bottom-fishing. Ethereum also rebounded over 200 points, reaching the 2983 level. The SEC did not reject spot ETFs, which has helped to reprice the valuation of tokenization infrastructure projects.

Market observers generally agree: this might be the last major negative event. If the rate cut window in January truly opens, subsequent gains could be directly capped. At this low point, looking back at the end of the month, it’s a great price to get in.

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