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#数字资产动态追踪 $BTC $ETH $ZEC
The Bank of Japan has just made a major move, causing a震动 in the global financial circle.
The 10-year government bond yield突破2.13%, the highest in 25 years. Sounds just like a number? No. This signifies that Japan is officially bidding farewell to the era of negative interest rates, and also means that the printing machine that once provided "cheap funds" to the world is being shut down.
Why the sudden shift? Simply put, inflation has really come down. Prices are rising, wages are also increasing, and the Bank of Japan can no longer hold back; it must tighten monetary policy.
How serious is this change? Imagine: for decades, global investors relied on the yen depreciation and zero interest rates to continuously invest cheap funds into US stocks, US bonds, and the crypto markets. Now that interest rates are rising, these hot money seeking profits may start to flow back.
What does this mean for cryptocurrencies? Global liquidity is essentially a whole. Japan, as the largest source of cheap funds, once contracts, market volatility will definitely amplify. Assets mainly driven by capital need to be prepared for stress testing.
At the same time, don't overlook another issue—Japan's government debt is piling up, and once interest expenses rise, the fiscal pressure will be unpredictable. This uncertainty itself can affect investor sentiment.
The global capital landscape is quietly shifting. Where will the next impact be? US stocks or the bond market? How will the reaction of cryptocurrencies be? What does everyone think?