#数字资产市场洞察 Is Japan's rate hike really that terrifying?

Yesterday's market reaction was quite interesting. The Bank of Japan did raise interest rates, but look at how the big players interpret it—Arthur Hayes directly pointed out that Japan's real interest rate remains negative, which actually becomes the underlying logic for BTC to break through a million dollars in the long term. It feels like this wave has released all the "final negative news."

Institutional actions are very clear:
👉 Grayscale predicts that the stablecoin supply will reach $300 billion by 2025, which means the market's available liquidity will expand significantly.
👉 Whale Garrett Jin has set specific targets—BTC 106,000, ETH 4,500.
👉 Yi Lihua's judgment is more direct: now is the golden window for spot accumulation, and the entire ecosystem next year will be a positive signal.

The turning point is actually quite clear. The expansion of stablecoins, the consensus among institutions, and the relief after the "rate hike" realization... these factors are stacking up to form a new market narrative. Historically, every bull market start has been accompanied by intense volatility and widespread skepticism, and this time seems no different.

When mainstream asset targets become transparent, on-chain activity will also pick up. The key question is: are the big players really optimistic this time, or is it just another round of hype?

What do you think about this turning point? Share your thoughts in the comments.