$BTC Bitcoin Under Pressure as Yen Carry Trade Unwinds ๐๐ฏ๐ต
The unwinding of the yen carry trade is creating liquidity pressure across global markets, and Bitcoin is caught in the crossfire.
๐น Investors borrowed low-cost JPY to fund higher-yielding assets
๐น As rate differentials narrow, funding costs rise
๐น Leveraged positions unwind โ forced selling in risk assets like BTC
๐ Market Impact
Liquidity-driven deleveraging = higher volatility
BTC remains highly sensitive to macro liquidity shifts
Short-term moves dominated by funding stress, not narratives
๐ Key Watchpoints
BOJ signals & JPY strength
Global liquidity conditions
Risk sentiment across TradFi & Crypto
Direction ahead depends on liquidity + sentiment, not hype.
$BTC
