Japan hiked Interest Rate by 25 BPS - Why was there no reaction to the market to this event?

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The current crypto market situation is somewhat bearish, and I think retailers by now are already out of the market. Maybe 1% or even less of retailers are still surviving the market, but the market makers are trying their best to eliminate them as well.

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I am not going to say that we are going to see a bull run or a massive run next year, but I do believe that we are going to see better days very soon. Today, Japan increased interest rates by 25 BPS, and historically we have seen that whenever Japan has raised interest rates, the market has crashed badly. In fact, Bitcoin crashed in the last cycle from its top to around $20,000 to $25,000 USD after the interest rate of Japan was increased.

Now, why is the market not performing in a similar manner as it performed in recent times when Japan did the same thing? There are many reasons, but the two major reasons are that the market has matured and the big players have already entered the market. We have seen BlackRock, Grayscale, and many other ETFs coming into the market, and they are the top players.

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They are not going to let the crypto market crash suddenly, and for sure they are going to make sure that the market does not crash in a similar fashion. The second reason is that the market already reacted to this news a few days back because it was very well known that Japan was about to increase interest rates.

That is why Bitcoin already reacted to the news and fell from $94,000 USD to $84,000 USD, which was a dump of $10,000 USD. And this is not a small dump. $10,000 USD is a big move for Bitcoin, and I think that was the reaction we already saw.

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I am not saying that the market is going to stay kind to all of us, but maybe in the coming days we are going to see the $100,000 USD mark achieved again. Right now, the year-end period is going on, and people usually sell their assets during this time.

It has been on record that people, whether from the crypto market or the stock market, tend to take out their money during the vacation months, and that is why a correction in the market is very much acceptable during this time.

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What are your thoughts on the current market situation? I am actually fed up with the market because I am also among those who have lost a lot of money. My portfolio is going down day by day, and I myself am confused about whether I should sell everything and stay out of it or whether I should bear more pain from the market and see if it actually rewards me.

I am really confused, but I am still holding my bags and staying away from trading because I do not have any liquidity left with me. But I hope that good days will come because it is getting intense for me, and I do not want to see the situation getting worse than it already is.

Thank you, and happy trading everyone.