The Bank of Japan's rate hike has become a certainty, with a probability of up to 98%! This will be the highest interest rate level in 30 years. Once the news broke, the market went into a frenzy.

Why should we pay attention to this? The logic is actually quite straightforward—over the years, the yen has become an arbitrage tool. Many large investors have borrowed low-cost yen to buy cryptocurrencies and other high-yield assets. Now that the cost of borrowing yen is about to skyrocket, these players need to sell their holdings quickly to pay off their debts. How big is this scale? Just look at the institutions that have been relying on yen carry trades all along. Bitcoin, as the most liquid asset, will be the first to be hit.

This isn't a mindset issue, nor is it a test of faith—it's a real liquidity tightening. If you still want to buy the dip now, I can only say: be careful. Every time there's a "flying knife" in history, those trying to buy the dip end up getting cut.

What is the smartest move now? One word—wait. Wait until the market panic selling subsides, wait until those forced liquidations are digested, and good opportunities will naturally appear. Preserving your principal is more important than anything else.