Post #8658

🔽The Yen Shock Behind Bitcoin’s Drop Bitcoin did not crash. It was executed by a global macro unwind that began in Japan. Rising yields ended decades of free money and flipped the largest leverage engine in modern markets. ⚡️The Trigger On December 1, Japan’s 10 year yield hit 1.877 percent and the 2 year reached 1 percent. That spike broke the yen carry trade, a strategy that pushed anywhere from $3.4 trillion to more than $20 trillion of cheap yen into global assets. Once yields rose and the yen strengthened, leveraged positions became unprofitable and began to unwind. 🕯The Domino Effect The reversal moved mechanically. Selling triggered margin calls and margin calls triggered liquidations. ● October 10 saw $19 billion wiped out in crypto liquidations. ● November recorded $3.45 billion in Bitcoin ETF outflows, including $2.34 billion from BlackRock. ● December 1 added another $646 million in liquidations before lunch. Bitcoin traded like a direct measure of global liquidity rather than an uncorrelated hedge. ❓A Quiet Accumulation Even while prices fell, whales accumulated 375,000 BTC. Miner selling dropped from 23,000 BTC per month to just 3,672. Forced sellers left. Deep pocket buyers stepped in. 💸The Next Pivot The key date is December 18 when the Bank of Japan sets policy. If they hike, Bitcoin likely retests $75,000. If they pause, a short squeeze could push BTC back toward $100,000 within days. This was not a crypto specific collapse. It was the price of leverage in a world where money suddenly costs something again. The widow maker finally came collecting. Position accordingly. ✅Subscribe to@cryp