Turns out the Japanese carry trade FUD was all just FUD.

While it’s true the carry trade is unwinding.

It is being well telegraphed by the Japanese central bank so financial markets can adjust.

They just telegraphed they are going to continue to raise rates.

So when the FUD comes around again, remember it’s probably already priced in.

However, what isn’t covered much is how this affects Bitcoin.

It affects Bitcoin because the carry trade unwind pulls some liquidity out of the system and BTC thrives on excess liquidity.

However, no need to worry. Traders will find other markets (and in fact already have) to use for a carry trade.

Conclusion: Sit back, relax, stack sats. Stop worrying about things you can’t control.