Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
The truth behind the crypto market crash: It’s not the 13 ministries, it’s Japan that poked a hole in the global money bag!
BTC plunged from 90,000 to 85,000, and everyone is blaming the 13 ministries? The truth: Japan’s 10-year government bond yield soared to 1.1%, which directly wiped out Wall Street’s decade-long “free yen carry trade”!
Before:
Borrow from Japan ≈ 0 cost → Exchange for USD → Buy US stocks/AI/Bitcoin, easy profits!
Now:
Japan is raising rates → Borrowing is no longer cheap → Yen may appreciate → Institutions have to sell assets to pay back!
Bitcoin has the best 24/7 liquidity → It’s the first to get dumped.
The real culprit: The yen carry trade collapsed.
The real victim: BTC.
Focus on these two risk events:
12/10 Fed: Rate cut might turn into “good news fully priced in”
12/19 Bank of Japan: If they really hike, global assets will shake even more
In short: Now is not the time to bottom fish, it’s time to avoid risks.
Institutions are escaping; retail investors, don’t catch falling knives.
Share and agree with these points: Right now, both bulls and bears are getting slaughtered—can retail investors really see clearly? Wait and prepare funds; that’s what you should be doing now.