🚨 THIS SET-UP HAS ONLY HAPPENED ONCE BEFORE. And last time this happened, the entire global market crashed. Today, the BOJ announced a 25BPS rate hike to 1%, the highest level in 31 years. Since 2024, the BOJ has now done 5 rate hikes, but this one was a bit different. BOJ rate hike happened exactly when USD/JPY crossed above 160. This is the zone where the BOJ intervenes to push the yen higher. The rate hike will do a little bit of this, but the major intervention is still coming. This is the exact thing that happened in July 2024. BOJ did a rate hike, while USD/JPY was around 160. What happened after was a complete disaster. - US stock market lost $5 Trillion in 3 trading days. - Crypto market lost $700 Billion - Japanese stock market crashed 20% in 4 days - Gold and Silver wiped out over $1.2 Trillion - VIX spiked to 65, highest since Covid crash This time, the BOJ hasn't started the intervention, but it could happen soon. Combining that with the US-Iran peace deal and SPCX hype, the markets are looking primed for another major sell-off. And this time, it could be bigger for longer.(Crypto Rover)