🌋⛰️Why Bank of Japan Is So Important for Bitcoin
☕️🧭Ultra-low interest rates in Japan drive global risk-taking through yen carry trade and also support Bitcoin liquidity.
☕️🧭Even a small interest rate hike by the BoJ could trigger de-risking,yen strengthening, and forced selling in the crypto market.
☕️🧭The high use of leverage in Bitcoin makes it highly vulnerable to cascading liquidations when pressure from Bank of Japan(BoJ) policies occurs.
BTC
86,003.26
-1.82%