📣📣📣Who is the real mastermind behind the market crash?
🔥🔥🔥🔥It's not Powell's rumors
⚡⚡⚡but a rate hike order from Tokyo!
Bitcoin plummeted 5%, and the entire network is in despair.
On the surface, it was scared by the fake news of "Powell's resignation"
but the real bomb is hidden in the hands of the Bank of Japan.
🔥Key Data 1: Japan's 10-year government bond yield soared to 1.1%, the highest since 2008! What does this mean? The world's largest "zero-cost funding pool" is closing.
🔥Key Data 2: The market bets that the probability of the Bank of Japan raising rates in December exceeds 60%. Meanwhile, the probability of the Federal Reserve cutting rates in December is as high as 87.6%.
This creates a deadly scissors gap:
In the past, institutions borrowed yen at close to 0% interest, exchanged it for dollars, and wildly bought high-yield assets like Bitcoin. Now Japan is raising rates, the cost of borrowing yen skyrockets, and they can only frantically sell assets to buy back yen to repay debts—Bitcoin has become the first domino to fall.
📉So don't just focus on the Federal Reserve anymore! Even if it cuts rates this year, it can't stop the tsunami of Japanese funds flowing back. As long as the yen continues to appreciate and Japanese bond yields keep rising, the global deleveraging selling pressure won't stop.
Do you still dare to bottom fish now? Let's discuss your strategy in the comments!
