🚨 THE BITCOIN DROP HAD NOTHING TO DO WITH THE FED
So what actually caused the move?
Japan signaled tighter policy which sparked a carry-trade unwind. The yen strengthened, global risk sold off, and Bitcoin moved first.
At the same time, China’s non-manufacturing PMI fell into contraction for the first time in almost three years. Asia is pulling liquidity, and $BTC is reacting to it faster than anything else.
Watch the full video for the full story 👇
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