It's bloody out there tonight

in #bitcoin29 days ago (edited)

Everything red without much news

The only thing I am seeing and hearing is the YEN carry trade blowing up.

Interest rates go up and the carry trade unwound.

image.png

(Source: https://x.com/0xChainMind/status/1995556029795344734/photo/1)

Crypto crushed as result.

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