#美联储降息 Are you aware of the risks lurking in the market—particularly the ripple effects of Japan's interest rate hike that many haven't yet realized?

First, let's talk about the impact on the US dollar. Japan has long been the world's largest pool of low-interest funds. Over the years, the global strategy has been: borrow in yen → exchange for USD → buy US bonds and US stocks, along with some crypto assets. This is the core logic of yen arbitrage trading. When Japan raises interest rates, the situation becomes more complicated—

The cost of borrowing in yen rises sharply, squeezing profit margins for arbitrage; funds holding arbitrage positions start to close out; yen flows back into Japan, reducing Japanese capital's demand for dollar assets. The ultimate result is upward pressure on the dollar, especially evident in the US Dollar Index. But it's important to see clearly: the Federal Reserve's interest rates are still higher than Japan's, so a sudden crash is unlikely; instead, this is more of a trend-based pressure.

🔴The key factor is the herd effect of global liquidity. Japan’s rate hike means a widespread withdrawal of arbitrage capital worldwide, amplifying volatility in risk assets, with altcoins being hit first. Those high-valued assets driven by FOMO will be among the first to be sold off, and market sentiment will become more cautious.

My advice to retail investors is straightforward: high leverage is the quickest way to set a trap. Unless you truly understand the fundamentals of altcoins, avoid them. This wave of market movement tests your mentality and risk control, not gambling.