The Japanese yen is rising and the dollar is collapsing – what does this mean for crypto?
For weeks, I have been warning about Japanese bond yields and the unnatural movements of the yen, and now the thing I was worried about is starting to happen.
When we see the yen rising strongly with the dollar falling, it indicates a transitional movement of liquidity from the dollar to the yen.
Typically, Bitcoin moves opposite to the dollar: if the dollar falls, Bitcoin is expected to rise $BTC . But today we see the dollar collapsing while Bitcoin is moving downward! Why?
Because the flows are not only leaving the dollar but also from crypto and heading towards the yen.
If this situation continues, as I told you, the next collapse of Bitcoin will originate from Japan, and I hope I am wrong. ⚠️
