The global financial markets are holding their breath — the 0.25% rate hike being considered by the Bank of Japan could become the trigger. As the largest overseas holder of U.S. Treasury bonds, any policy shift by Japan will trigger a massive capital outflow, draining liquidity from the global markets. In this tightening wave, risk assets like Bitcoin are the first to be affected.

Historical data is enough to serve as a warning: Bitcoin fell 23% in March 2024, 26% in July, and a further 31% by January 2025. This is no coincidence. Once liquidity contracts, capital behavior becomes cold and ruthless. Currently, the market stands at a crossroads — if liquidity continues to retreat, can Bitcoin’s $70,000 support hold?

The core issue is actually quite simple: when "liquidity" becomes the key to life and death, blindly chasing volatility gains is no longer smart. The real strategy is to preserve principal, stay flexible, and lock in certain returns amid systemic contraction. This is precisely where new decentralized stablecoins come into play — not just as safe havens, but as an asset management system in volatile markets.

Looking at the value of stablecoins from a different perspective. Traditionally, they are seen as a "pause button," a transit point for exiting positions. But in reality, they can do much more. When markets decline due to liquidity contraction, absolute prices are less important — the relative value between assets is the real battleground. In such an environment, stablecoins become a fulcrum, allowing you to avoid forced liquidation and reposition at the right moment.