Good morning…
$BTC Bitcoin drops to 88K. No wick.
That's because of the ongoing Japanese Bond issuance, a sign that Japan will become the exit liquidity for the US. The end game is like that.
Several banks have already requested Yield Curve Control, which involves buying as many government bonds (JGB) as possible to keep the yields at that level.
While QE has a cap, for example, a maximum of 60 billion dollars per month, YCC has no cap; the BoJ will buy as much as needed.
Isn't that a clear sign that the Yen will reach 160/$, even ZH says 200/$?
What does that have to do with Bitcoin?
Bitcoin