1/ 💡Why Japan's next rate hike could hit crypto and Nvidia？ A 15bp BOJ hike wiped $270B from crypto and crashed Nvidia 27% from its peak in Aug 2024. Why? 🟠 Crypto sells first 24/7, liquid, leverage-heavy. The fastest exit in a deleveraging wave. 📉 Nvidia follows ~8% of the S&P 500, most crowded trade since 1981. Stressed investors sell what's liquid and profitable. NVDA is both. The next hike may not be far away. The BOJ has less room to wait: 🛢️ Oil keeps pushing Japanese CPI higher 📈 10Y JGB yield hit 2.8%, a 29-year high 💴 FX intervention has limits; hiking is the cleaner path(BloFin Research)