The crypto market is facing increased unpredictability, termed as a 'random walk,' due to recent monetary policy shifts, particularly the Bank of Japan's unexpected rate hike. This has led to the collapse of usual support and resistance levels, increasing risk. The U.S. equity market is also experiencing complications due to a buildup of negative gamma. The rate gap between the Federal Reserve and the BoJ is crucial, and rapid changes could lead to further asset price declines. Despite the turbulence, crypto options traders believe the impact may not last long, but caution is advised.