According to the source, Bitcoin (BTC) traders are positioning ahead of a potential Bank of Japan (BOJ) rate hike as crypto markets show continued sell-off pressure, with focus on near-term volatility and liquidity management according to the source. BOJ policy decisions are released after Monetary Policy Meetings and directly influence short-term rates and yen funding conditions, which transmit to global financial conditions, according to the Bank of Japan. Yen-funded carry trades are vulnerable to abrupt unwinds when Japan rates rise, increasing cross-asset de-risking that can weigh on BTC and broader crypto, according to research by the Bank for International Settlements. Traders cited by the source are monitoring USD/JPY, BTC perpetual funding rates, and open interest around the BOJ decision window to manage potential downside and basis risk, according to the source.

According to @CryptoMichNL, BTC rebounded but was clearly rejected at $90K as support failed alongside broad corrections in Gold and the Nasdaq, with a new local low printed (source: @CryptoMichNL). Reclaiming $88K would be a strong signal marking the end of the correction, while downside levels to monitor after the breakdown are below $83.8K and, more likely, below $80.5K (source: @CryptoMichNL). The setup aligns with a heavy macro week featuring U.S. unemployment data, CPI, and the Bank of Japan, where a likely BoJ rate hike has previously been followed by negative market impact, suggesting weakness may occur before the decision this time (source: @CryptoMichNL).

According to @KobeissiLetter, Japan’s 30-year government bond yield surged to a record 3.43% while the Bank of Japan is considering raising interest rates, only days after Japan finalized a $135 billion stimulus package (source: The Kobeissi Letter, X, Dec 3, 2025). For trading, this event trigger puts focus on USD/JPY, JGB long-end duration risk, Japan equity indices, and major crypto pairs for potential liquidity and volatility shifts around Asia hours (source: The Kobeissi Letter for the event trigger, X, Dec 3, 2025).