Strategy purchased an additional 10,645 BTC ($980 million) | xzluong_402 on Binance Square

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Strategy purchased an additional 10,645 BTC ($980 million) at approximately $92,100.
Currently, they are HODLING 671,268 BTC. At the current price of $89,550, this amount is worth approximately $60.1 billion. Their average purchase price was $75,000.
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🇯🇵 THE TRUTH ABOUT YEN CARRY TRADE IN THE CURRENT CONTEXT 🔸 With the Bank of Japan signaling a potential interest rate hike this week, concerns about yen carry trade have resurfaced. 🔸 Yields on 10-year Japanese government bonds are at their highest level in 18 years, yet the yen remains weak. This suggests that carry trade persists. While JP Morgan estimates that over 50% of yen carry trade closed last year, some analysts suggest that approximately $500 billion in yen-backed carry trade still exists. 🔸 Yen carry trade is a strategy of borrowing yen at low interest rates during periods when Japan maintains low interest rates, then investing in higher-yielding assets such as US stocks, emerging markets, and cryptocurrencies. When Japanese bonds pay higher interest rates than before, money is no longer forced to flow overseas to seek yields as it once was. 🔸 It's true that Japanese interest rates are still much lower than US rates, so the likelihood of a widespread carry trade liquidation is low. However, the real risk lies in the decrease in demand for US bonds, forcing US bond yields to remain higher to compete, thereby putting pressure on interest rates across the market. 🔸 Currently, the US 10-year yield is around 4.18%, much higher than the Japanese 10-year yield of around 1.96%. But when using a yen carry trade strategy, institutions must manage USD/JPY exchange rate risk, meaning they must hedge foreign exchange at a high cost, possibly around 2% per year, plus the risk of the Fed continuing to cut interest rates. After deducting hedging costs, the real yield is no longer attractive. 🔸 If the Bank of Japan raises interest rates more aggressively, the cost of borrowing yen will increase, and investors may rush to liquidate their positions. This week's rate hike was anticipated by the market, but the key factor remains the BOJ Governor's tone regarding further rate increases. Coupled with news that the BOJ is preparing to sell its previously accumulated ETF holdings, this is making investors more cautious. #japan $BTC

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🇯🇵 JAPAN PLANS TO SELL $500 BILLION WORTH OF ETFS, BUT EXTREMELY SLOWLY 🔸 Japan plans to gradually sell over $500 billion worth of ETFs held by its central bank. 🔸 The selling pace will be very slow, approximately $2–3 billion per year, meaning it could take over 100 years to sell them all. The slow selling aims to normalize monetary policy, shrink the balance sheet, and avoid shocking the market. 🔸 The reason is that during years of economic stimulus, the Japanese central bank purchased large quantities of ETFs, distorting stock prices and failing to accurately reflect the health of businesses or the economy, as the central bank became the largest buyer in the market. 🔸 The plan will be immediately halted if a major financial crisis occurs. Japan successfully applied this slow-motion approach when divesting bank stocks without causing market panic. #Japan $BTC

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I only buy or sell short-term. Buy $FARTCOIN

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LATEST: Coinbase CEO says, "Crypto helps create property rights, sound money, and free trade for all. #Cointelegraph #coinbase $BTC

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