[Glassnode Co-Founder: Bank of Japan's 25 Basis Point Rate Hike Fully Priced In by the Market] According to a report by Golden Finance, Glassnode co-founder Negentropic stated that the Bank of Japan's rate hike trade is currently the most crowded trade in the market. Many accounts on social platform X are recycling similar information. The 25 basis point rate hike has long been reflected in current asset prices. The only scenario that could trigger a negative market reaction would be if the Bank of Japan issues hawkish forward guidance. Given that Japan is cautiously seeking a balance among its current account deficit, inflation, and yen appreciation, it has no intention of acting rashly. The Bank of Japan's subsequent policy decisions will be based on economic data and will follow the model of the U.S. Federal Open Market Committee, approaching each rate-setting meeting with caution.