It's been a week since my last update. Here are a few scattered thoughts: 1. This morning's sharp drop stemmed from the "imminent yen interest rate hike." Japan's new prime minister is very similar to former British Prime Minister Truss, who made a series of aggressive moves after taking office, but her record is 2-5. The Bank of Japan, under pressure from a continuously depreciating yen and inflation, is preparing to raise interest rates. Risk markets fear the end of the carry trade game, potentially triggering a global liquidity crisis. This is the reason for today's sharp drop. 2. A Japanese interest rate hike will negatively impact Trump's chances in next year's midterm elections. We'll see if Trump intervenes and delays the rate hike. 3. My positions haven't changed for almost two or three weeks; they're all in spot trading, just waiting. 4. I haven't updated recently because I've been dealing with a lot of stressful things. Updates won't be as frequent in the future, but if any major market changes occur, I'll update my long-time followers immediately. 5. I received a screenshot of someone attacking me in a group chat. No problem, my current mindset is: Even if the world ends, let it end! 6. If you believe crypto is indestructible, then just hold onto your BTC and ETH without moving. Volatility is merely a tool to shake out weak hands. That's all.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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