Bitcoin Soared 130% Since Its $49K Yen Carry Trade Unwind—Here’s Why It’s Still Pumping

Flashback to August 2024: Bitcoin briefly kissed $49K as the yen carry trade unraveled—fast-forward a year, and it’s up a staggering 130%. Traders who panicked then are kicking themselves now.

The Carry Trade Crunch That Fueled the Fire

When Japan’s yield-hungry investors scrambled to cover their leveraged bets, BTC became collateral damage—until it wasn’t. The sell-off was a blip. The rebound? A masterclass in crypto’s resilience.

From Unwind to Uptrend

No fancy Wall Street catalysts—just pure, unfiltered demand. While traditional markets obsessed over Fed pivot fantasies, Bitcoin quietly ate their lunch. (Take that, negative-yielding bonds.)

The Punchline?

Another reminder that crypto moves faster than a hedge fund’s excuse for underperformance. Buckle up—volatility isn’t dead, it’s just reloading.