#以太坊行情解读 The Bank of Japan's interest rate hike has triggered a global asset reallocation storm.

A decision on December 19th rewrote the global financial landscape. The Bank of Japan raised interest rates to 0.75%, reaching a thirty-year high, instantly bursting the low-interest arbitrage dream that had lasted for many years.

Japanese household investors, who once made a large entry thanks to the depreciation of the yen and a low-interest environment, are now holding $15 trillion in assets and facing an unavoidable reality: the combination of the Federal Reserve's interest rate cuts and the Bank of Japan's interest rate hikes has rendered the dollar-yen arbitrage trade completely ineffective. Borrowing costs are rising sharply, forcing massive positions to be liquidated.

The real shockwave is yet to come. These retail investors are massively selling off US stocks and US bonds to exchange for yen. It seems like an individual action, but in reality, it has formed a wave of capital withdrawal sweeping across the globe—this coordinated action by retail investors is far more ferocious than the selling pressure from institutions. Traditional financial assets are experiencing increased volatility, and liquidity risks are surfacing.

In this turmoil, the market's attention begins to shift. When the old balance is disrupted, new asset classes with a strong consensus foundation and high resilience characteristics are becoming the focus of reconfiguration. The storm reshapes the landscape, and opportunities often lie within.