#BTC The ruler of global capital is quietly changing hands – this time, the protagonist is Japan's "Mrs. Watanabe."

As the market closely watches the Federal Reserve's moves, a group of Japanese housewives controlling $15 trillion in household assets is rewriting the flow of global funds. On December 19, 2025, the Bank of Japan raised interest rates to 0.75% in one fell swoop, marking the largest single hike in thirty years. This decision is like a boulder thrown into a lake, with ripples quickly spreading to global markets.

The End of the Arbitrage Myth
In the past decade, the strategy of "borrowing yen and buying dollar assets" was the most favored arbitrage strategy on Wall Street. Now the plot has completely reversed: the Federal Reserve's interest rate cut cycle is colliding with Japan's interest rate hike cycle, leading to a sharp increase in borrowing costs, and trillions of yen in arbitrage positions are being forcibly liquidated.

The power of retail investors is more frightening than that of institutions.
Unlike hedge funds on Wall Street, the "Mrs. Watanabes" operate without risk control meetings or position reports. They are synchronously selling off US stocks and bonds, converting the funds back into yen. This "silent consensus" is often more destructive than institutional sell-offs—because it is sudden and lacks a buffer.

The rise of new safe-haven assets
When traditional assets experience severe fluctuations, alternative assets with high consensus are attracting attention. Bitcoin's weekly inflow has reached a new high for the year, and gold ETF holdings are simultaneously rising. These assets may become the destination for a new round of liquidity migration.

History is often surprisingly similar—back in 2007, the "Mrs. Watanabes" became famous for their arbitrage trading, and now they are shaking the market again by ending this trading. This time, however, what they may be taking away is not just profits, but also the direction of global liquidity.

Is this capital migration led by housewives a short-term adjustment or a long-term turning point? Feel free to share your insights in the comments section. #ETH #GateioInto11 #2025Gate Annual Statement