BTC and Nasdaq Could Stabilize Amid Stretched Yen Long Positioning: Market Insights and Analysis
The recent drop in the Nasdaq and Bitcoin appears linked to soaring Japanese government bond yields and a stronger Japanese yen, a trend reminiscent of Market behaviors seen in August. Analysts suggest that the yen’s rise could trigger increased risk aversion in both stock and cryptocurrency markets. However, with speculators heavily invested in the yen, ...