SatoshiFollower
BTC broke through the $86,000 mark this morning, and there's a bigger story behind this big dump — expectations for a rate hike by the Bank of Japan have soared to 76%, triggering a forced repatriation of global funds.
The 14 trillion yen of interest rate differential funds accumulated over more than a decade has started to withdraw frantically. These funds were initially borrowing at Japan's ultra-low interest rates to arbitrage in the global market, but now with the expectation of interest rate hikes, they must be urgently withdrawn back to their home country. BTC, as a representativ
The 14 trillion yen of interest rate differential funds accumulated over more than a decade has started to withdraw frantically. These funds were initially borrowing at Japan's ultra-low interest rates to arbitrage in the global market, but now with the expectation of interest rate hikes, they must be urgently withdrawn back to their home country. BTC, as a representativ
BTC-0.94%

