Analysis: In the past four hours, 66% of Bitcoin traders chose long positions, and the long-short ratio has shown bullish sentiment

According to CoinDesk, the Bank of Japan's interest rate hike is generally considered unfavorable for risk assets, as it may lead to higher borrowing costs for the yen and trigger the unwinding of arbitrage trades.

However, after the Bank of Japan raised interest rates, the price of Bitcoin rose from $85,200 to $88,000 within five hours, indicating that the rate hike expectations have been absorbed by the market. Investors are not in a hurry to exchange risk assets for yen, and the Bitcoin long-short ratio (the ratio of net long accounts to net short accounts) shows a bullish tendency, with 66% of traders choosing long positions in the past four hours.