#ETH巨鲸增持 This morning's flash crash appears to be caused by the Central Bank's document combined with Japan's sudden interest rate hike.

But to put it bluntly, it's the carry trade that blew up. Global funds have been borrowing money from the Japanese zero interest rate market for a long time, with costs nearly zero and the scale being outrageous. This time, the Bank of Japan suddenly raised interest rates, and everyone had to rush to close their positions and pay back. Liquidity was instantly drained, leading to a chain reaction of liquidations across major exchanges. How could the market not crash?

However, I think the essence is that money wants to run away 😂 I shorted in advance for this wave of market and currently have a decent floating profit.

Brothers, how long do you think this downtrend can hold? How should we adjust our positions next?