Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
$BTC The Bank of Japan's rate hike has strengthened risk-on sentiment.
Brief reasons (:
➠ The Bank of Japan raised the interest rate to a 30-year high of )0.75%(.
➠ The main thing – the yen did NOT strengthen. Everyone was worried about carry unwind )massive unwinding of yen-denominated loans → sell-off of risk assets(. But after the rate decision, the yen fell, and there was no financial stress.
➠ The rate hike was already priced into the market. When an expected event occurs without shock – investors unwind hedges and reintroduce risk assets into their portfolios.
➠ "Dovish tightening": The Bank of Japan emphasized that the real rate is still low, and the increase will be gradual. Global liquidity is not "shrinking" abruptly.
➠ The US added fuel: US inflation is below expectations )CPI( → chances of a Fed rate cut increased → the dollar weakens, appetite for risk grows.
➠ The bottom line: the market was not afraid of the rate itself, but of chaos with the yen and funding. That did not happen → risk-on.