It blew up! The Bank of Japan hikes by 98%, but the governor suddenly gets hospitalized! Crypto traders, watch out for this blade!

Bank of Japan Governor Kazuo Ueda was urgently admitted to the hospital due to a liver cyst infection. Next week’s monetary policy meeting has been confirmed to be his absence, and he can only submit written opinions. This is the first time since 1998 that the governor has directly “taken leave.”

The market already priced in a 98% probability of a 25 basis point rate hike—almost a sure thing. But the real problem isn’t whether they will hike rates this time; it’s that the governor isn’t there. With no one to hold the fort at the post-meeting press conference, and with hints of further rate hikes afterward, it could at any moment turn into a major bomb that detonates both the forex and the crypto markets.

My personal view is very straightforward: don’t underestimate this. A yen rate hike is essentially forcing global arbitrage capital to flow back. Last year’s round wiped people out—Bitcoin collapsed by tens of thousands of points in a single day. Long-time players should still remember it vividly.

If they hint this time that hikes will continue consecutively, and if the governor’s health deteriorates enough to give room for the Prime Minister to replace him, then policy uncertainty will be turned up to the max. In the short term, it’s bearish for the crypto market.

Today, Bitcoin is barely hanging on, drifting around as if half-dead—clearly the calm before the storm.

What should players do? This week, lower contract leverage the honest way—don’t be stubborn and rush in.

Wait for the news to land on the 16th: if they ghost you, you can bet on a rebound; if they go hawkish, hold your hands and don’t rush to pick the bottom—don’t fall before dawn.

‍#美国5月CPI创三年新高 $BTC $ETH $GT