🇯🇵 Bitcoin Has a New Macro Risk to Watch: The Yen I usually watch U.S. rates and ETF flows for $BTC , but this week Japan deserves some attention too. BeInCrypto reports that hedge funds are increasingly betting on a stronger Japanese yen. Options expiring by year-end now show more than 3 puts for every call on USD/JPY, with traders focusing on a move below 150. Some longer-dated positions even reach toward 140. 🔄Why does a currency trade matter for Bitcoin? Because of the yen carry trade. Investors have historically borrowed cheap yen and deployed that capital into higher-return assets. When the yen strengthens and Japanese yields rise, that trade becomes more expensive to maintain - and leveraged positions can start unwinding. We’ve already seen USD/JPY fall from around 159 three weeks ago to roughly 153, while $BTC has held near $79K so far. That resilience is encouraging, but I wouldn’t ignore what happens next. 👀 It’s USD/JPY around 150–152 and what the Bank of Japan signals at its September decision. A slow yen recovery may be manageable. A fast carry-trade unwind could remove liquidity from risk assets surprisingly quickly. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#