Negentropic, co-founder of GlassNode, published an article on the X platform analyzing the impact of Japan's interest rate hike. He pointed out that the market's fear is not tightening, but uncertainty. Sometimes market volatility can be an opportunity. The Bank of Japan's policy normalization has actually brought clarity to the global money market, and Bitcoin usually thrives after experiencing policy pressure. Previous analyses have indicated that Japan's interest rate hike may not trigger risk aversion in the crypto market. Firstly, speculators currently hold a large net long (bullish) position in the yen, making a rapid reaction to the Bank of Japan's rate hike unlikely. Secondly, Japanese government bond yields have continued to climb this year, with both short-term and long-term yield curves reaching multi-decade highs. The upcoming rate hike reflects that official interest rates are catching up with the market, indicating a low probability of risk aversion at the end of the year.