Glassnode co-founder Negentropic stated that the market is not afraid of tightening (interest rate hikes), but rather afraid of uncertainty. The Bank of Japan's policy normalization brings clear expectations to the global financing environment, even though leverage may be under pressure in the short term. Yen carry trades have significantly contracted, volatility means opportunity, and Bitcoin often strengthens after policy pressure is released, not before. Chaos decreases, signals strengthen. This looks like preparation for asymmetric upside risk.