📈 The yen suddenly strengthened today, rising to a maximum of 152.89 yen per dollar, reaching a new high in about seven months.

If it hits 147, the arbitrage cycle worth 360 trillion yen-dollars will also be massively liquidated, which would be terrifying!

It seems that the BOJ's interest rate hike is a done deal!

This is not particularly good news because hedge funds are basically all playing arbitrage, borrowing the cheapest money in the world to make profits in places with higher returns.

Now earning a hard-won 3.5% interest spread over a year, a 5% rise in the yen in one week directly drives the unwinding of yen arbitrage, and Crypto is very likely to be indirectly drained through global deleveraging.

However, compared to the end of July 2024, the current price of BTC does not seem to have experienced a synchronized crash.

So the question arises, in the next half month, will I be able to buy bitcoin:native at a cheaper price??

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