2025-12-22 10:30:24

#数字资产市场洞察 $ETH $ZEC $ASTER

Impact of the Bank of Japan's Rate Hike: Two Rate Increases in 2026, Major Shift in Asian Liquidity

JPMorgan's latest prediction has attracted attention in the market - the Bank of Japan plans to implement two rounds of interest rate hikes next year, with a target policy rate of 1.25%. This means that the ultra-loose monetary environment that has been maintained for many years is about to truly come to an end.

The Bank of Japan Governor Kazuo Ueda had previously hinted at this, indicating that the Monetary Policy Committee has focused on the inflation issues caused by the depreciation of the yen. This is not a sudden move but a well-considered policy shift. The yen may gradually break free from the ongoing depreciation and enter a period of appreciation.

The ripple effect of this transformation should not be underestimated. For a long time, Japanese investors have leveraged massive funds in the global financial markets through low-interest carry trades (borrowing yen to invest in high-yield overseas assets). Once the interest rate hike actually occurs, these investors will inevitably face repayment pressures and may resort to large-scale sales of overseas assets to raise funds—this will directly reshape the landscape of global liquidity.

The changes in monetary policy in the Asia-Pacific region are also driving the evolution of the crypto ecosystem. Hong Kong is gradually establishing its position as the "Asian crypto hub," and a regulatory framework for stablecoins has been implemented, while the RWA (Real World Asset tokenization) ecosystem is rapidly expanding. Compliant stablecoins like USDV are engaging with the Hong Kong government's cross-border recognition agreements, all of which are creating conditions for crypto assets to become a safe haven option for global investors.

The current issue has become: Will this wave of liquidity restructuring preferentially favor mainstream coins like BTC and ETH, or will it provide opportunities for small and medium-sized coins and emerging projects? Market participants have their own judgments. What do you think about the actual impact of Japan's interest rate hike on the crypto market? Will mainstream coins benefit first, or will we need to find potential directions through alternative paths?

ETH-3,37%

ZEC-3,7%

ASTER-3,74%

BTC-2,07%

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ThreeHornBlasts

· 2025-12-25 08:19

Yen appreciation arbitrage trading is exploding, Asian funds are flowing back, which could actually be an opportunity for smaller currencies.

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QuietlyStaking

· 2025-12-25 02:06

The Japanese interest rate hike, to put it simply, means that carry trade is about to make a comeback... When large funds start selling off in waves, liquidity will be redistributed. Betting on the stability of mainstream coins is correct but has limited room. I actually see more opportunities for volatility in smaller coins.

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StakeTillRetire

· 2025-12-22 10:58

Japan's interest rate hike is really going to whipsaw the market, as soon as the carry trade is withdrawn, the liquidity is instantly gone. Mainstream tokens are definitely going to make money first, diving into small coins at this time just makes you a dumb buyer. The RWA sector in Hong Kong is a bit interesting; there might be a dark horse coming out.

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token_therapist

· 2025-12-22 10:57

The appreciation of the yen has led to a trapping explosion, with large funds flowing back... It sounds like a rhythm for dumping. Mainstream Tokens have strong resistance to falls, but the real alpha is in those small coins that have been misjudged. Once the Hong Kong stablecoin framework is established, RWA should be ready to da moon.

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Anon4461

· 2025-12-22 10:53

With the Bank of Japan raising interest rates, the carry trade game of the big players in Japan will come to an end. When the wave of selling comes, can we make money? It feels like BTC and ETH are still in demand, while small coins find it too difficult to turn things around.

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LootboxPhobia

· 2025-12-22 10:53

As soon as Japan raises interest rates, the carry trade bursts, and funds flow back... Sounds like the prelude to dumping. With such great pressure to Close Position on interest rate trades, can Mainstream Tokens hold up? Or should we hurry to small coins to find opportunities? The weak dollar cycle is about to change, but this might not be good for encryption, especially in the short term. Wait, will the Hong Kong government's stablecoin framework really suck liquidity from Mainstream Tokens? It doesn't seem that simple. Yen appreciation = global liquidity contraction, BTC as a hard asset should be able to withstand it... but who knows. Is this time really different? It feels like the Central Bank has also taken quite a few actions before, but what was the result?

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ChainComedian

· 2025-12-22 10:48

Japan's interest rate hike carry trade has collapsed... etc., isn't this just an opportunity for retail investors to enter a position in small coins? Large Investors are busy recovering funds, and the market is actually chaotic, while we retail investors are operating in reverse.

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GasFeeCrier

· 2025-12-22 10:38

Japan's interest rate hike feels like another signal for institutions to play people for suckers... Close Position in carry trades will probably lead to dumping. --- No, what I'm concerned about is whether the RWA framework from the Hong Kong government can really be implemented; it still feels vague. --- Mainstream Tokens will definitely run first, but the rebound opportunities for small coins might be crazier... it all depends on who dares to catch a falling knife. --- With the yen appreciating, Japanese stocks will also plummet; global liquidity is really about to change. --- I just want to know if the return of Asian funds will lead to dumping ETH, that's the key point. --- If there really is a wave of Close Position in carry trades, will stablecoins depeg? That would be terrifying. --- Privacy Coins like zec probably won't have a chance under the Hong Kong government's RWA framework... might as well just go with ETH. --- Liquidity reshaping? In simple terms, it's just Large Investors playing retail investors, a cycle repeating itself. --- It feels like the Hong Kong government's operation is aimed at attracting Asian funds; BTC and ETH are definitely the top choices.

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pvt_key_collector

· 2025-12-22 10:31

With Japan's interest rate hike and the appreciation of the yen, how severe will the carry trade Get Liquidated wave be... It feels like the return of carry trade funds is the real black swan.

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