The market tonight feels like facing a great enemy. The strongest interest rate hike from the Bank of Japan in 30 years is just around the corner, and the chat room is filled with screenshots of short orders. Everyone is waiting for the same "script" to unfold: interest rates rise → liquidity gradually dries up → risk assets plummet. Can BTC hold above 80,000? When will the panic sell-off get dumped? This has become the only concern for everyone.

Interestingly, a seasoned trader I know who has experienced three cycles made a "reverse operation" at this time. He calmly adjusted his positions and shifted some funds into stablecoins. He only said one thing: "When the tide goes out, it doesn't matter which stone is left exposed, you need to make sure you won't get stranded."

After hearing this sentence, I finally understood - when everyone sees the same risk signal, the real crisis may have already morphed in the shadows. What we fear is not so much the interest rate hike itself, but rather the sudden depletion of liquidity hidden outside the "script" and the cascading wave of liquidations. That is what is fatal.

So the top players are no longer pondering "can we accurately catch the bottom at 70,000?" What they are asking is: regardless of how the market searches for a bottom, how can my core capital exit safely while always keeping ammunition ready to strike?

This is why stablecoins have become so critical at this moment. They are not a weapon used to "buy the dip" but a shield that allows you to "survive until the end." When panic triggers large on-chain redemptions and liquidity disappears in an instant, what holders of stablecoins can do is something others cannot — remain rational and wait for the real opportunity.