After the Bank of Japan raised interest rates, BTC surged to $88,000, and ETH outperformed BTC
Show original
After the Bank of Japan raised interest rates, BTC rose from $85,200 to $88,000 within 5 hours. This rate hike did not trigger a capital flow into the yen. Open interest grew faster than price, and the funding rate turned positive, indicating the emergence of new leveraged long positions rather than short covering. Open interest for SOL and XRP declined, the altcoin season indicator hit a new low, and ETH outperformed BTC.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot silver surpasses $67 per ounce, setting a new historical record
金色财经•2025/12/19 16:27
Wintermute analyst: Bitcoin is short-term oversold, but the sideways trend may continue in the near future
Odaily星球日报•2025/12/19 16:20
Wintermute strategist: Bitcoin may fluctuate between $86,000 and $92,000
AIcoin•2025/12/19 16:16
