The Bank of Japan's rate hike has become a certainty, and this wave of negative news has basically played out. Looking ahead, there are still a bunch of major events waiting in January.

Structural legislation in the crypto industry is finally coming, coupled with the advancement of the Innovation Exemption Act, gradually clarifying the regulatory framework. At the same time, the candidate for the new Federal Reserve Chair will also emerge, all pointing directly to market expectations. Mainstream assets like Bitcoin tend to perform well when policies become clearer.

In other words, macro uncertainties are dissipating, and micro policy dividends are accumulating. This is a positive feedback loop for the overall crypto market sentiment recovery and capital inflows.