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Here is the chart only a few people are looking at.
Whenever BoJ hikes rates, carry trade unfolds and causes a surge in USDJPY and DXY and a crash on risk-on assets. The last 2 times USDJPY got too high, BoJ intervened and lowered the rate. In these periods, Bitcoin had a relief. Last year was actually a very bullish run for Bitcoin and altcoins.
The sudden increases in Japanese 30-year bond yields are causing spikes in the VIX index and during these volatile times, Bitcoin crashes.
The BoJ meeting is on the 18th of December however the effects are already getting priced in.
If the BoJ intervenes somehow, it will relieve the US indices and Bitcoin.