Bitcoin Under Pressure As Yen Carry Trade Unwind Hits Global Markets

The yen carry trade unwind has been hovering over markets lately — the kind of “plumbing” story that most people ignore right up until volatility spikes and everything suddenly feels connected. Graham Stephan put it into a Bitcoin and crypto-friendly frame yesterday.
In a Dec. 15 post, the popular YouTuber described the yen carry trade as Wall Street’s long-running “infinite money glitch” — and argued it’s breaking down just as the Fed is signaling