Why does crypto drop when Japan raises rates? ๐ค
Simple:
๐ Japan raises rates โ Yen gets stronger
๐ Traders unwind "carry trades" (borrowed Yen invested in risky assets)
๐ They sell crypto to pay back loans
๐ Price drops ๐
Nothing wrong with
$BTC Just global money moving.
what's your thought on this ๐ค
#ProCapFilesBitcoinTreasuryDiscountETF #BTCJapanShock