🚨 Japan shakes the global markets! 🇯🇵
The Bank of Japan raised interest rates to 0.75%, leading to a rise in Japanese government bond yields to 2.0% for the first time since 1999. This decision led to the unwinding of "carry trade" positions that relied on borrowing at low interest rates to buy high-risk assets like U.S. stocks and Bitcoin. ¹ ²
*Impact on cryptocurrencies and global markets:*
- The unwinding of "carry trade" leads to the selling of high-risk assets
- The exit of $530 billion from the U.S. stock market creates a liquidity vacuum
- Pressure on Bitcoin due to forced liquidations on Asian exchanges
*Expectations:*
- Analysts warn of a 20-30% correction in high-risk assets
- Monitoring the USD/JPY currency pair to predict market direction
Do you think this is the perfect opportunity to buy Bitcoin, or are we facing a deeper financial winter? 💸$BTC #Binance
