#数字资产市场动态 $BTC $ETH $SOL

The Bank of Japan's stance has reversed, and the era of negative interest rates is truly coming to an end. This statement was made on Christmas Eve, and the implication is clear — next year, the rate hike process will continue.

What does this mean for the global monetary policy landscape? A central bank that once firmly held interest rates steady is now turning in the opposite direction, and the market needs to reassess the cycle. Under a negative interest rate environment, arbitrage trades and yen carry trades all need to be recalculated in terms of cost.

This is what the crypto market is most sensitive to. When liquidity expectations change, capital flows will be reorganized. Investors need to pay attention to the interest rate policies of major global central banks, especially this kind of major shift — not a fine-tuning, but a structural change. How the rate hike pace will evolve next year will directly impact the attractiveness of risk assets.

In the short term, the market is digesting this signal. In the long term, the reshaping of the interest rate environment and its impact on digital asset valuation frameworks are just beginning.