Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
BTC's recent dip is actually nothing new—whenever the Bank of Japan signals a rate hike, the crypto market gets uneasy first. After news broke that they might raise rates by 25 basis points this time, traders started reducing positions and unwinding leverage, and the wave of sell-offs in risk assets had already begun.
Looking back at historical data makes it clear. In March 2024, when the Bank of Japan raised rates, BTC dropped 23%; in July, another rate hike caused a 26% decline; by January 2025, the drop was even sharper at 31%. So, this decline looks fierce, but a close look at exchange fund flows and financing rates shows that the market has already "priced in" most of the pressure.
What's the key? It's not the rate hike itself, but how the yen reacts. If the yen strengthens significantly, BTC will remain under pressure; if the yen's volatility remains low, there's a chance for a short-term rebound. In plain terms, the market is now watching liquidity and the yen's trend—these two factors test investors' nerves more than the policy announcement itself.