#数字货币市场回调 $ETH

Today, there was a significant fluctuation during the Asian trading session. The cause was the interest rate hike signal coming from the Bank of Japan — the market's expectation probability has surged to 64%, directly causing the Nikkei 225 Index to drop nearly a thousand points in a single day, while the 2-year Japanese government bond yield soared to its highest level since the 2008 financial crisis.

The reaction in the cryptocurrency market has been quite direct: Bitcoin has fallen below the $86,000 mark, with over $600 million in liquidations across the network within 24 hours, and more than 210,000 accounts have been forcibly closed. Behind this volatility lies an interesting phenomenon — global monetary policies are moving in completely opposite directions. Japan is preparing to tighten its monetary policy, while the probability of the Federal Reserve cutting interest rates in December across the ocean is as high as 87.4%. Major economies in the East and West are beginning to operate in reverse.

There is another development in Japan worth noting: it is said that there are plans to unify the tax rate for cryptocurrency transactions to 20%, considering that the current maximum can reach 55%. If this direction is indeed implemented in 2026, it would provide the same tax treatment as stock trading, theoretically activating a significant amount of domestic funds to enter the market. However, the Financial Services Agency is also strengthening the regulatory framework, making the path to compliance increasingly narrow.

There have been some unusual movements on-chain recently. A large address has mortgaged 55,000 ETH and borrowed 50 million USDT, which was then directly transferred to a leading exchange—such operations usually indicate that there will be significant actions in the short term. The listed mining company Bitdeer continues to accumulate Bitcoin, with current holdings reaching 2,141 BTC. Additionally, USDC Treasury destroyed 60 million stablecoins this morning, leading to a contraction in liquidity.

A couple of days ago, Musk once again put forward his theory of AI as a savior: he believes that artificial intelligence will solve the $38 trillion debt problem in the United States through a productivity explosion within three years, and even enable everyone to achieve high income. This sounds quite sci-fi, but if the narrative around AI really takes off, it might just become a catalyst for the next market cycle.

Tom Lee once said something quite reasonable: "When you feel panic, it might be worth extending the time horizon a bit to look at it." Short-term fluctuations are indeed intense, but they may be brewing a turning point for some long-term trends.

What do you think about this round of volatility? If Japan really raises interest rates, will it continue to suppress the risk appetite for the crypto market? Is a 20% flat tax rate attractive? And can the narrative around AI support the next bull market?

Share your thoughts in the comments section.

⚠️ A reminder: The market is currently very volatile, so be cautious with leverage. Remember to verify all information yourself and avoid impulsive decisions. $TRADOOR $ZEC