Japan's interest rate hike is imminent, and Bitcoin has finally started to show some volatility after hovering around 90K for a while.
The market has been very dull these past few days,
Bitcoin has maintained around 90K for about a week,
and just a few days ago, it was completely flat.
Initially, it was expected that Bitcoin would stay flat until the 18th or 19th before starting to move,
but it has already started to drop ahead of schedule.
After the last wave with spot prices at 83K and 92K, there has been no movement since it peaked at 93K.
The market has been so slow that I have already returned from a trip, and there is still not much change.
During this time, I would only recommend spot trading for beginners or large position players.
Now I am holding a lot of USDT waiting to see if I can take a small position again.
Last time I mentioned Japan's interest rate hike,
many people thought the price had already reacted in advance.
However, I believe that after last week's rate cut in the U.S., the market has no real reason to rise anymore.
The timing of Japan's interest rate hike will have a significant impact.
Additionally, the Aster third-quarter airdrop was announced today,
and as expected, CZ is also coming out to say a few words.
However, the impact on Aster's coin price is quite limited; CZ buying a couple of million USDT is hardly significant.
Binance's cash reserves are real,
and increasing the position in Aster seems more like just sprinkling some water to make a statement.
