The Bank of Japan raised interest rates today,
$BTC fluctuating around 86K.
Many are asking: Is this the bottom? Can we buy the dip now?
I don't know.
But I know that historical data will tell you something more valuable.
In the past three Japanese rate hikes, BTC's performance was as follows:
• March 2024 rate hike → BTC declined by -23% to -27%, lasting 6 weeks
• July 2024 rate hike → BTC declined by -26% to -30%, lasting 8 weeks (including the flash crash on August 5)
• January 2025 rate hike → BTC declined by -31%, lasting 7 weeks
Average decline of 27%, average duration of 7 weeks.
If hi