@wanderersoul
bloody Monday reset
Crypto Market Dump: What Just Happened?
Main trigger:
Japan’s 10-year bond yield spiked to 1.84% (highest since 2008), strengthening the yen and crushing the yen carry trade. Asian stocks tanked, risk-off hit everything — crypto dumped hard in sympathy.
Extra pain from:
*Thin Monday liquidity
*Over-leveraged bulls getting wrecked
*Ongoing ETF outflows + whale profit-taking
Bottom line:
Classic leverage flush triggered by a macro shock in Japan.
$85K is the line in the sand. Hold it = bounce likely. Lose it = more pain.
bloody Monday reset.
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