2025-12-02 07:20:35

Recently, the market is quite interesting - on one hand, there is panic selling, while on the other hand, some people are quietly buying the dip.

Let’s start with the bad news. The situation at the Bank of Japan is becoming increasingly tense, and negative interest rate policies may come to an end in December, effectively cutting off the "yen carry trade" that has been operating in the shadows. Those funds that borrowed low-interest yen to speculate on high-risk assets are now frantically closing their positions and retreating. The crypto market has also not escaped this wave of impact; the U.S. Bitcoin spot ETF has been bleeding for four consecutive weeks, with a total outflow of over $4.3 billion in November, and institutions are clearly on the sidelines.

But when I turned around, there were unusual operations again. MicroStrategy still bought 130 bitcoins in November, completely ignoring market sentiment. Even more shocking is that the Czech central bank is actually considering allocating part of its foreign exchange reserves to a Bitcoin ETF - if this happens, it would be a signal for the national team to enter the field.

The market is like this; some are fleeing in panic, while others are patiently positioning themselves. Who can laugh last may still have to wait and see.

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MrRightClick

· 12-05 04:28

Whenever the Bank of Japan stirs things up, the big players start fleeing—the scenes of selling at a loss this time are honestly a bit brutal. MicroStrategy is still quietly accumulating coins. I wonder if they really don’t understand panic markets, or if they just have too much money and nowhere to spend it. If the Czech National Bank really gets in, that would definitely be a signal. But what I care more about is how much longer this bottom will keep falling. Institutions are on the sidelines, retail investors are selling at a loss—with this kind of atmosphere, don’t blame me for not being optimistic. Wait, $4.3 billion in outflows—where did all that go? Is someone picking it up, or did it all really go to USD? Honestly, at this point, the most profitable might be those who can actually hold on. I really just can’t bring myself to make a move right now. If a central bank really enters the market, the whole narrative could flip. Being all in cash now might turn out to be the worst decision.

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rug_connoisseur

· 12-04 22:40

The Bank of Japan's move has really shattered some people's dreams... But on the other hand, if the Czech National Bank really jumps in, that's a pretty strong signal. MicroStrategy is still quietly accumulating coins—are they truly fearless, or are they just not watching the market? Now it's just a matter of seeing who can survive until the end.

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HodlVeteran

· 12-03 02:17

The seasoned players took a look at this game—Bank of Japan's move is indeed ruthless, but MicroStrategy is still lying in wait. If the Czech National Bank really dares to get in, that’s a whole different story. Retail investors are all running away, but I’m watching those institutions moving quietly—they’re the ones truly buying the dip. I learned this lesson the hard way in 2018, and now it’s the newcomers’ turn. The panic sell-off is throwing out bargains; don’t say I didn’t warn you, the institutions are laughing right now. If central banks really allocate Bitcoin into their reserves, that’s a signal of national recognition—damn, that would be wild. A $4.3 billion outflow sounds scary, but when I see MicroStrategy still going all in, I know the story isn’t over. As I get older, I enjoy watching the calm, collected whales make their moves—that’s the most accurate indicator. The yen carry trade line has been cut; next, it’ll probably depend on what the Fed does. Those who got out this round will probably regret it to death when the rebound comes.

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SilentObserver

· 12-02 07:50

Institutions are dumping, and the national team is laying out strategies; this contrast is indeed remarkable. MicroStrategy's move is outrageous, they are still buying. The Central Bank is even tempted; what does this indicate? This is the real moment of differentiation among the suckers. With the end of yen arbitrage, funds will inevitably look for new outlets. Waiting for the Czech Central Bank's move; if it really works out, it will be quite a spectacle. The laughter of those buying the dip now is the loudest; in six months, they might become prophets. Whoever holds on will win.

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FrogInTheWell

· 12-02 07:44

Forget it, if the yen collapses, it collapses. Anyway, MicroStrategy has already finished writing our textbook, we can just copy it.

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ShitcoinArbitrageur

· 12-02 07:42

The yen has collapsed, institutions are buying the dip, and the Central Bank is getting on board... this game is getting more and more complex. MicroStrategy's move is truly brilliant; while the market is crying, it is laughing. If the Czech Central Bank really dares to move Bitcoin, that would be a true signal. Let's wait and see; those who hold on will win in the end.

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ser_ngmi

· 12-02 07:39

It's too chaotic, whenever something happens in Japan, the institutions run away, but these folks at MicroStrategy are still crazily buying coins, it's hilarious. If the national team really gets involved, it's going to be tough for us retail investors. Czech Central Bank pairing with Bitcoin? If this becomes true, it would indeed be a signal. $4.3 billion Rug Pull sounds annoying, but the more panicked you are, the more you need to stay calm. There are indeed people buying the dip, it just depends on who can hold out until that day. It's hard to say who will laugh last in this wave, anyway, I'm just watching the show.

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DataBartender

· 12-02 07:37

The loosening of the yen arbitrage really needs to be monitored, but MicroStrategy is still quietly accumulating coins, which is interesting. The Central Bank dares to touch the Bitcoin ETF, indicating that the national team is indeed making secret arrangements. $4.3 billion flowing out sounds alarming, but considering that retail investors run the fastest, institutions are waiting at the bottom. If Japan's interest rate hike truly materializes, the retreat of arbitrage funds may be fiercer than expected. MicroStrategy's recent moves can be seen as a demonstration of what it means to hold faith. During panic dumping, there are always people accumulating at low prices; history often repeats itself this way. With the Czech Central Bank taking this step, it feels like other countries should be getting restless too. With continuous falls in ETFs, the signs of a bottom are becoming increasingly obvious.

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WhaleShadow

· 12-02 07:35

The recent actions of the Bank of Japan have completely confused the arbitrage players, but look, MSTR is still quietly accumulating coins, and the Czech Central Bank is also going to enter a position? This is ridiculous, indicating that smart money is still hoarding. --- $4.3 billion flowing out sounds alarming, but can institutions really be stopped if they choose to flee? I think we’re building a bottom. --- The funniest part is that those in panic are rug pulling, while those hoarding coins are even more aggressive; you can easily tell who has the stronger chips. --- Is the national team going to get on board the Bitcoin ETF? If this signal truly materializes, the people selling now will regret it until next year. --- Wait, MicroStrategy dares to buy 130 coins in November, they must be really optimistic; I also need to protect my position. --- Forget it, I’ll just watch the show and wait for institutions to finish this round before talking; after all, cheap goods won't just disappear. --- The appreciation of the yen is indeed fierce, but to be honest, this kind of liquidity crisis is actually the best opportunity to buy the dip. --- Large investors hoarding coins are still increasing their positions, while retail investors are dumping; this is the cycle, a pretty common routine.

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