@ainsleys
At the macro level, liquidity tightening continues to put pressure on risky assets. Expectations of a rate hike by the Bank of Japan have increased, and the yen has broken through the 149 mark against the US dollar, directly impacting the worlds largest carry trade carrier. At the same time, the Nasdaq index fell by more than 4% for three consecutive days, the valuation of technology stocks fell, and the market risk appetite declined, further affecting high-β assets such as Bitcoin. In addition, the strengthening of the US dollar pushed up the risk-free rate, attracted funds to flow back to low-risk assets, and accelerated the outflow of funds from high-risk assets.
0 reply
0 recast
0 reaction