Mars Finance reported on December 14th that Negentropic, co-founder of Glassnode, wrote, "The market isn't afraid of tightening (rate hikes), but rather of uncertainty. The Bank of Japan's policy normalization provides clear expectations for the global financing environment, even if leverage is under pressure in the short term. Yen carry trades have clearly contracted, volatility means opportunity, and Bitcoin tends to strengthen after policy pressure is released, not before. Less confusion, stronger signals. This looks like preparation for asymmetric upside risks."
Analysis: Yen carry trades have contracted significantly, and Bitcoin may strengthen after the Bank of Japan's policy pressure eases.
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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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