According to Mihir (@RhythmicAnalyst), the recent rise in Japanese interest rates has effectively ended the era of cheap credit, making the Japanese Yen more expensive for global borrowing (source: Twitter). This change is significant for traders as the tightening of Japanese monetary policy reduces access to low-cost capital, historically used for leveraged positions in both traditional and crypto markets. The resulting decrease in global liquidity could lead to increased volatility and lower risk appetite across major cryptocurrencies, particularly for Bitcoin and Ethereum, as investors reassess leverage and capital allocation strategies.