Ngaba uqaphele indlela ukuthengiswa kwezitolo (retail) okuthenga ngayo ii-altcoins ngokukhuthala okukhulu njenge $DOT and $NEAR ngoku, ngokungayinaki into eyenzeke nje eTokyo?

Uninzi lwabarhwebi bagxila ngokupheleleyo kwiipatheni zeetshathi zasekuhlaleni kwaye bayabanjwa xa i-global liquidity iyaphela, nto leyo etshabalalisa amandla abo (leverage) ngalo lonke ixesha. Xa kusenzeka i-macro shocks, ukuhlala kwizikhundla ezingamalulwanga (illiquid) ngelixa ubambe i-$USDT kubonakala njengento nje engabalulekanga—kude kube sele kusemva kwexesha.

Wonke umntu uyayikhumbula i-yen carry trade unwind enkulu eyakhokelela kwi-flash liquidations ezibi kwimarike yonke ngaphambili. Nangona kunjalo, njengoko iBhanki yaseJapan (Bank of Japan) inyusa iireyithi ukuya kumanqanaba aphezulu kwiminyaka emininzi, intandabuzo eqhelekileyo (general consensus) ibonakala ithatha ukuba i-crypto ikhululwe ngokupheleleyo kwimisinga yesintu (traditional forex flows).

Ukuyibona le ntshukumo njengengxolo nje engazimeleyo sisiphetho esiyingozi. Xa ukuboleka kwi-yen kuba yinto ebiza kakhulu ngendlela esisiseko (structurally expensive), ukwabiwa kwezimali zehlabathi kuncipha kuqala kwizixhobo ezine-beta ephezulu. Iziphumo ezisasazekayo (ripple effect) zithatha ixesha ukuze zihluze ziye kwiimarike zespoti (spot markets), kodwa uxinzelelo kwi-liquidity luyinyani.

Uyayinciphisa (de-risk) i-leverage yakho apha, okanye uyayijonga njengomnye umsitho ongenanto (non-event) we-crypto?

#BOJRaisesRatesTo31YearHigh #BitcoinHits