TechFlow, on December 19, according to CoinDesk, a rate hike by the Bank of Japan is typically seen as negative for risk assets due to rising yen borrowing costs and unwinding of carry trades. However, after the rate increase, Bitcoin's price rose from $85,200 to $88,000 within five hours, indicating that the market had already priced in the hike. Investors did not rush to convert risk assets into yen. The Bitcoin long-to-short ratio (the ratio of net long positions to net short positions) shows bullish sentiment, with 66% of traders taking long positions over the past four hours.
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