#BTC Global liquidity is facing dual pressure: Japan is about to raise interest rates, and the Fed's stance is changing. The short-term market is under pressure, with Bitcoin falling over 20%, but in the long term, it may welcome a liquidity turning point.

Core changes:

· Japan: The probability of interest rate hikes has soared, and carry trades are facing liquidation pressure.
· Fed: Plans to allow stablecoin issuers to access the central bank system, and may shift to a rate-cutting cycle.

Impact:

· Short term: Liquidity tightening, market volatility intensifies.
· Long-term: Stablecoins gain recognition, efficiency of cryptocurrency payments improves, and if paired with interest rate cuts, it will open the global liquidity floodgates.

Key points: Japan's December resolution, Fed dot plot, stablecoin regulatory rules.

The current market leverage has been cleaned up and is in a consolidation phase. Historical experience indicates that a new high may emerge after the fluctuations.

The current question is: market panic interwoven with significant policy changes, will you choose to buy the dip or wait and see? #十二月行情展望 #GIGGLE和PIPPIN强势上涨