[Japan's Expected Rate Hike May Suppress Liquidity of Risk Assets Like Bitcoin] According to Coindesk, the Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, marking the highest level since 1995, which will impact global markets, including cryptocurrencies. Rising Japanese interest rates will reduce the attractiveness of such trades and may force position adjustments in markets most sensitive to leverage and liquidity, including Bitcoin. A strengthening yen is typically accompanied by a reduction in macro portfolio risk, and this dynamic could tighten liquidity conditions, which have recently helped Bitcoin rebound from its November lows.