Bitcoin prices are approaching $100,000, but André Dragosch, head of European research at Bitwise, warns that a stronger dollar could be a drag on bitcoin's further rise. He notes that historical data shows that bitcoin is usually weaker during dollar appreciation, and that dollar appreciation also tends to mean tighter global liquidity, which could have an adverse impact on bitcoin's short-term movement. In addition, the expectation that the Bank of Japan (BoJ) may raise interest rates in December has also raised market concerns. Analysts believe that the expectation of a Japanese yen interest rate hike may lead to "yen carry trade" positions squaring pressure, which will bring volatility to risk assets including bitcoin. The recent rise in the consumer price index in Tokyo further supports this view, with Bank of Japan Governor Kazuo Ueda saying that the Japanese economy is moving towards wage-driven sustained inflation.