由於日圓陷入困境，BTC-JPY 波動性自 2022 年以來首次超過 BTC-USD

隨著 BTC-JPY 貨幣對的 90 天實際波動率超過 BTC-USD，比特幣的波動性在日本創下新高。這是自 2022 年以來的首次

Bitcoin (BTC) volatility hit new heights in Japan last week, with the BTC-JPY pair surpassing BTC-USD in 90-day realized volatility for the first time since 2022.

上週，比特幣 (BTC) 波動率在日本創下新高，BTC-日圓貨幣對的 90 天實際波動率自 2022 年以來首次超過 BTC-USD。

This shift in volatility was largely driven by worsening market conditions in Japan, particularly following last week’s general elections.

這種波動性的轉變主要是由日本市場狀況惡化造成的，特別是在上周大選之後。

The Japanese yen came under increasing pressure last week, with investors largely hesitant toward the yen as it approached multi-month lows. This weakness in the yen made Japanese assets, including BTC-JPY, more volatile, with the heightened volatility around the BTC-JPY pair reflecting this vulnerability and increased market uncertainty.

日圓上週面臨越來越大的壓力，投資者在日圓接近數月低點時對日圓猶豫不決。日圓的疲軟使得包括 BTC-JPY 在內的日本資產波動性更大，而 BTC-JPY 貨幣對的波動性加劇反映了這種脆弱性並增加了市場不確定性。

Japanese investors also largely hoped that the recent elections would stabilize the yen. However, this did not occur, and instead, markets grew more volatile, impacting major currency pairs, including BTC-JPY.

日本投資者也很大程度上希望最近的選舉能穩定日圓。然而，這種情況並沒有發生，相反，市場變得更加波動，影響了包括 BTC-JPY 在內的主要貨幣對。

The BTC-JPY pair now has a realized volatility rate of over 50%, while BTC-USD remained slightly below 50%.

BTC-日圓貨幣對目前的實際波動率超過 50%，而 BTC-USD 仍略低於 50%。

In contrast, the BTC-USD market remained relatively stable last week. Although the U.S. dollar faced pressures of its own, BTC-USD volatility was more controlled compared to BTC-JPY.

相比之下，上週BTC兌美元市場保持相對穩定。儘管美元面臨自身的壓力，但與 BTC-JPY 相比，BTC-USD 的波動性更受控制。

As the U.S. election approaches, however, traders are preparing for possible volatility spikes in the BTC-USD market, with analysts expecting that post-election developments could influence this pair’s stability.

然而，隨著美國大選的臨近，交易者正在為 BTC-USD 市場可能出現的波動性飆升做好準備，分析師預計大選後的事態發展可能會影響該貨幣對的穩定性。

The yen’s struggles raised concerns among Japanese investors, with the lack of interest in the yen continuing to be a major issue for buyers. Despite a general preference for safe assets, the yen's weak levels made it difficult to attract new interest. This sentiment pushed some investors toward alternative assets, contributing to the increased volatility of BTC-JPY.

日圓的掙扎引起了日本投資者的擔憂，對日圓缺乏興趣仍然是買家面臨的主要問題。儘管人們普遍偏好安全資產，但日圓的疲軟程度使其難以吸引新的興趣。這種情緒促使一些投資者轉向另類資產，導致比特幣兌日圓波動性增加。

Moreover, Bitcoin's role as a hedge against traditional markets also supported its popularity in Japan. Amid economic uncertainty, Japanese investors explored Bitcoin, a trend that amplified the BTC-JPY pair's volatility as market participants reacted to broader financial conditions.

此外，比特幣作為傳統市場對沖工具的角色也支撐了其在日本的受歡迎程度。在經濟不確定的情況下，日本投資者探索了比特幣，隨著市場參與者對更廣泛的金融狀況做出反應，這一趨勢放大了 BTC-JPY 貨幣對的波動性。

With major elections in both Japan and the U.S., markets are bracing for more uncertainty. The yen's vulnerability, coupled with the upcoming U.S. election, presents a dynamic outlook for BTC traders globally. As BTC-JPY volatility surpasses BTC-USD, investors are watching both markets for potential shifts.

隨著日本和美國的重大選舉，市場正準備迎接更多的不確定性。日圓的脆弱性，加上即將到來的美國大選，為全球比特幣交易者帶來了充滿活力的前景。隨著 BTC-JPY 波動性超過 BTC-USD，投資者正在關注兩個市場的潛在變化。