Odaily Planet Daily News Bloomberg crypto analyst Jamie Coutts said on the X platform that Bitcoin has experienced significant price fluctuations since the Japanese yen arbitrage trade began to unwind. Coutts pointed out several key points: 1. He underestimated the impact of the rapid increase in open interest (OI) and perpetual contract funding rates earlier this year; 2. The market’s neutral stance restrictions before the Japanese yen arbitrage trade was lifted 3. Although the price of Bitcoin may fall further, the decrease in open interest and negative funding rates indicate that Bitcoin is more likely to move sideways; 4. The central bank is expected to intervene soon , which makes Bitcoin look attractive at current price levels.