#晒出我的持仓收益# Yesterday's market data summary: influenced by Japan's interest rate hike, all benchmarks arrived as expected. You may have a question: why does Japan's interest rate hike have such a big impact? Let me give you a simple explanation. In the past few years, Japan's negative interest rate policy and zero interest rate policy meant that if you borrow money from a bank, the bank won't want your money, but instead gives you a subsidy, which is equivalent to giving you an Interest Spread. At this time, Japan crazily printed yen, and local enterprises, like Masayoshi Son's distributed team, used yen to acquire high-quality assets overseas, such as energy, technology, the internet, etc. As long as it was profitable, they invested in it. However, with the rise of US inflation, the global economy fell into crisis. You may still not understand this, so let me give you an example. During the negative interest rate period, when the bank paid you instead of you paying the bank, people crazily borrowed yen and exchanged it for USD because the USD was then raising interest rates. That meant if you deposited JPY 1 million worth of USD in the bank, you could get an Interest Spread of 5 points. Ant Group's revolving mortgage is a plan proposed by the Masayoshi Son team. That means they could use the JPY 100 as collateral to package financial assets, and then keep borrowing and repeating until the first interest rate hike in March 2024, which adjusted the negative interest rate to 0. And this interest rate hike can be compared to the BTC market data, which rose after the interest rate hike. Why? Because zero interest rate policy means no Interest, and on July 31, the interest rate hike was 0.25 percentage points. After the last interest rate hike, BTC fell from 75,000 to around 50,000. The next interest rate hike is scheduled between January 24-25, 2025. The current announced data states that this interest rate hike will be adjusted to 5 points, which is twice the previous rate. If the interest rate hike is successful, the BTC price in the market may fall back to around 85,000 to 90,000 or even lower. That's why interest rate hikes have such an impact. If you still don't understand, please refer to the previous analysis for a simple overview.