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The Bank of Japan's pending rate decision is drawing fresh attention from Bitcoin traders, who have documented a consistent historical pattern: $BTC has declined an average of 22.5% each time the BOJ has moved to raise rates.
With another policy meeting on the horizon, that precedent is back under the microscope.
A Repeating Cross-Asset Signal The 22.5% figure represents an average across prior BOJ rate-hiking episodes — one of the more concrete quantitative correlations that crypto analysts have attached to a major central bank's policy cycle.
The transmission mechanism is generally the yen carry trade, a strategy in which investors borrow at low cost in yen and deploy the proceeds into higher-yielding or risk-sensitive assets, Bitcoin among them.
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