. . . of which a Fed rate cut may further exacerbate 🍻

Be interesting to see if a lot of the initial “deleverage” was targeted at liquid bitcoin vs. other things and the effects are seen elsewhere. I basically don’t know anything about anything but just a theory there isn’t that much downside on bitcoin (and my $10 DCA).

is the mechanism here the yen gets stronger, so carry trade looks shaky, so liquidate assets to repay loans denominated in yen? Hence, the decline in Japanese stock prices?

Calling Jerome Powell……