đš Bitcoin Faces Japan Rate Hike â Is the Market Worried for No Reason? đŻđ”đč
$BTC
Next week, the Bank of Japan is expected to hike interest rates, and many traders fear a Yen surge + carry trade unwind could hurt Bitcoin.
But hereâs the real story đ
đč The Yen isnât likely to suddenly pump â because big traders are already bullish on JPY.
đč A surprise carry-trade crash is very unlikely right now.
đč The real risk? Rising Japanese bond yields may push global yields higher, which usually puts pressure on risk assets like crypto.
So while people are panicking about the YenâŠ
đ The bigger thing to watch is global bond yields.
What do you think â
Will $BTC stay strong or will global rate pressure hit crypto again? đ€
#Bitcoin #CryptoMarket #BTCAnalysis #JapanEconomy #CryptoNews