Analysis: The upcoming yen interest rate hike is unlikely to trigger risk aversion in the cryptocurrency market.

According to ME, on December 13th (UTC+8), the Bank of Japan's last interest rate hike led to a rise in the yen, triggering a sharp increase in market risk aversion and causing the price of Bitcoin to fall from approximately $65,000 to $50,000. However, the upcoming yen rate hike is unlikely to trigger risk aversion in the cryptocurrency market for two reasons: First, speculators currently hold net long (bullish) positions in the yen, so they are unlikely to react negatively to the Bank of Japan's rate hike... (Source: ME)