## The Wave of Yen Carry Trade Liquidation Creates an Awkward Moment, Bitcoin Takes the Lead
Bitcoin's recent price has come under pressure; on the surface, it appears to be just normal fluctuations, but the underlying drivers are far more complex—massive unwinding of yen carry trades is reshaping the global liquidity landscape.
**Invisible Leverage: Wall Street's "Money Printing Machine"**
Wall Street discovered this trick over 20 years ago: borrow in Japan at nearly 0% interest rates, then move to the US market to buy bonds with yields of 4-5%, earning the interest rate differential. This se
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