Japan might pull a "hara-kiri" on global markets.ㅤ
Tomorrow, the Bank of Japan could hike the key interest rate to 1% for the first time since 1995. Economists are estimating the likelihood of this decision at over 90%, and on Polymarket, they're giving it more than 99%.ㅤ
For decades, Japan has been a major source of "cheap money" for global markets. Investors have been borrowing yen at nearly zero rates and then funneling those funds into stocks, cryptocurrencies, and other riskier assets.
This strategy is known as a carry trade.
But if money in Japan starts to get more expensive, some of that capital may begin to flow back into yen.
For the markets, this potentially means less liquidity, increased volatility, and pressure on risk assets.
That's the word from CryptoQuant based on their assessment of the bounce back from $60,000, which is driven by short positions being closed, rather than actual new demand.
Open interest is shrinking while the price is climbing. There’s no new demand from investors using leverage. Almost every coin sold is being offloaded at a loss. These are forced sales.
The market is just ‘squeezing’ traders' positions. Analysts also note that a dip below $55,000 could trigger capitulation among miners.
✴️#BTC $BTC BTC is due for one last dip before we hit the moon. This is always the case when BTC is in the red zone known as the "Bear Market" — presentation
To catch up with Musk, a Ukrainian would have needed to start grinding back in the dinosaur days.
Today, Musk became the first trillionaire in history. To stack that much with an average Ukrainian salary, it would take 167 million years. That's the gap between now and the Jurassic period.
$BTC On higher timeframes, liquidation clusters with low leverage are rising above the price around 64-66k, while smaller clusters are below 60k. The 64-66k area could serve as a short-term target. However, they might quickly liquidate this target for the long positions.