#比特币价格走势 Recently, I've been looking at data on Japanese yen arbitrage trading, and it's really fascinating! Glassnode's analysis has enlightened me — what the market fears is never clear policy tightening, but uncertainty itself. The normalization of the Bank of Japan's policy has instead sent a clear signal to the global financing environment.

The key point is that yen arbitrage trading has already significantly contracted. What does this mean? Chaos is decreasing, and signals are strengthening. History repeatedly shows us that Bitcoin often doesn't strengthen before policy pressure, but rebounds after the pressure is released. It now seems like preparing for asymmetric upside risk.

This is the charm of decentralized assets — they don't rely on any single central bank, but instead find opportunities from changes in global macro policies. Volatility itself is a signal, chaos is reshaping. When everyone is confused, on-chain transparency allows us to see more clearly.

In the long run, Bitcoin's position as a store of value will become increasingly clear, especially amid the intensifying global central bank policy battles. Do your homework, understand the cycles, and avoid blindly chasing gains. Believe that the end of this policy cycle will be another new starting point for growth!