BOJ just activated the highest interest rate in 31 years (1.25%). Will the ghost of the Yen Carry Trade really return to haunt the market as it did in the August 2024 crash?
Right after the BOJ news of an additional 25 basis points hike, USD/JPY pressure has not eased yet. But the reaction of $BTC came as a surprise: there was no panic-selling at all, and it still held firmly around 77,298.4 USD (up +1.17% in 24 hours at the time of writing).
Why is there this divergence? In reality, this tightening move was in part anticipated by financial circles beforehand. However, when global liquidity faces the risk of contracting, the scenario of a sweep liquidating both sides of futures remains very possible.
My take right now: Don’t rush to FOMO and chase after short-term, whipsaw candles. Around $BTC near the 77.2k USD mark, the most crucial priority is to reduce leverage, manage capital, and wait for confirmation from macro fund flows rather than going all-in.
At this zone, do you go LONG or SHORT on $BTC ? Tap $BTC below and let’s check the chart together! 👇
#BTC #Bitcoin #Crypto #Futures #Trading
Right after the BOJ news of an additional 25 basis points hike, USD/JPY pressure has not eased yet. But the reaction of $BTC came as a surprise: there was no panic-selling at all, and it still held firmly around 77,298.4 USD (up +1.17% in 24 hours at the time of writing).
Why is there this divergence? In reality, this tightening move was in part anticipated by financial circles beforehand. However, when global liquidity faces the risk of contracting, the scenario of a sweep liquidating both sides of futures remains very possible.
My take right now: Don’t rush to FOMO and chase after short-term, whipsaw candles. Around $BTC near the 77.2k USD mark, the most crucial priority is to reduce leverage, manage capital, and wait for confirmation from macro fund flows rather than going all-in.
At this zone, do you go LONG or SHORT on $BTC ? Tap $BTC below and let’s check the chart together! 👇
#BTC #Bitcoin #Crypto #Futures #Trading
