The Bank of Japan is the wild card that the market loves to ignore until it's too late.
Historically, BOJ rate hikes have triggered aggressive liquidations as the carry trade unwinds, creating a massive liquidity squeeze for risk assets. If history repeats, we are looking at a volatility spike that could flush out over-leveraged longs. 👀
Short $BTC — swing trade
TP: $58,000
SL: $67,500
High historical correlation between BOJ hikes and BTC sell-offs suggests a likely downward correction.