The impact of the end of yen arbitrage on the crypto market. (Original, please note if forwarding) 1. Only when the tide recedes can you know who is not wearing pants. The yen used to implement negative interest rates, which means that you don’t have to pay interest when you borrow money in Japan. At this time, you need to find some high-yield accounts, and you can earn excess risk-free spreads, commonly known as making money while standing! Isn’t it great? Then the yen loan is converted into US dollars and enters the US stock market, US bonds, and of course the blockchain ETF.

When the yen released its interest rate hike expectations, institutional investors all over the world understood that this kind of game was over, and now they need to sell US stocks and blockchain ETFs to repay yen debts. Since everyone has this demand, if a swarm of selling will inevitably smash all kinds of assets, and if it causes retail investors to flee in advance and cause trampling, it will bury institutions and big investors! As a result, the world's big dealers began to tacitly brag about the good economic development, among which Master Bao’s insincere words were the representative, and a lot of smoke bombs were released to cover the capitalists' retreat. It's time to retreat. Of course, the bigger the waves, the better. It's best if the waves can temporarily raise the water level to the same level as the shore, so that everyone can go ashore seamlessly. Otherwise, if the waves are not big enough, the tide will go down, and whoever is not wearing pants will be exposed, which is not fun.

2. The unethical Bitcoin Conference and shameless boasting and lies. Continuing from the above, big investors now have to sell coins to repay their money, because the blockchain is extremely volatile. If they sell coins on a large scale, it will inevitably collapse. First of all, traditional financial capital will withdraw, represented by Grayscale, and the receiver is ETF. At present, since ETH's ETF has just started to sell, capitalists still have a lot of goods that have not been sold to retail investors. Therefore, it must be a large range of fluctuations to reduce positions at high levels!

At this time, someone needs to come out and continue to blow. For example, someone said shamelessly that there will be 10.45 million pie in 2045. This is to tell you not to be afraid to buy boldly and you will earn it if you buy it! This is the love blessing given to you by the dealer. You just take it. If you take more, you will be the next billionaire! A lot of people at the Bitcoin conference are like grandmothers, full of love and care for you, asking about your well-being and whether you are touched or not.Who dares to say they are not moral?

This is a speculative market! Don't be so self-satisfied, you and I are not worthy