Many people are still guessing about a technical pullback? My hands shake when I watch the market - the real killer is not on the K-line, but across the Pacific. The expectation for the Bank of Japan to raise interest rates in December has surged to 80%, and the probability for January? 90%.
Sounds like a normal adjustment of monetary policy? Wrong. This is a countdown for the unwinding of a $19 trillion carry trade. While retail investors were still studying Bollinger Bands back then, institutions had already been using the yen as free leverage to the max. Now that the central bank suddenly wants to tighten the faucet, how do you think those funds that borrowed yen to buy BTC will react?
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$83000 has been broken.
Many people are still guessing about a technical pullback? My hands shake when I watch the market - the real killer is not on the K-line, but across the Pacific. The expectation for the Bank of Japan to raise interest rates in December has surged to 80%, and the probability for January? 90%.
Sounds like a normal adjustment of monetary policy? Wrong. This is a countdown for the unwinding of a $19 trillion carry trade. While retail investors were still studying Bollinger Bands back then, institutions had already been using the yen as free leverage to the max. Now that the central bank suddenly wants to tighten the faucet, how do you think those funds that borrowed yen to buy BTC will react?
It's not an adjustment, it's a retreat signal.