Tomorrow, the Bank of Japan may make its most important decision in thirty years—raising interest rates. This is not just a Japanese matter; the global crypto market is also waiting for this moment.

Why is this so critical? Because behind it lies a massive capital flow system. Investors have been borrowing cheap yen for a long time, then turning around to speculate on US stocks, buy US bonds, and allocate to crypto assets. The scale of this "ATM" has exceeded one trillion. When Japan raises interest rates, borrowing costs directly increase, and the entire chain could collapse.

Coins like DOGE, ZEC, and ETH will be the first to be affected. When arbitrage positions are forced to close, a large amount of capital will withdraw simultaneously. The chain reaction you can imagine is coming: US Treasuries will be sold off, emerging market currencies will plunge, and high-valuation tech assets will face pressure. Algorithmic trading will automatically trigger stop-losses, retail investors will panic sell when they see the market dropping, ultimately evolving into a liquidity storm.

But don’t be too pessimistic. The market has already been digesting this expectation, and prices may have already reflected most of the concerns. The Federal Reserve also won’t sit idly by; policy tools are still in place. What is the real risk signal? It’s that extreme scenario of "simultaneous collapse of stocks, bonds, and currencies"—three markets crashing at the same time.

The end of an era often occurs at such policy turning points. Be prepared, stay confident in your positions. The turning point is right in front of us.