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When the Japanese yen rapidly appreciates on the same day:
When closing positions, it is necessary to sell dollar-denominated assets, including Bitcoin, to exchange for yen to repay debts, which directly triggers a wave of passive selling. This chain reaction amplifies market volatility, especially by hitting the high-leverage derivatives market, leading to further deleveraging sell-offs.
Be alert to risks; everything still needs to be based on actual market conditions.
$BTC #Gate广场五月交易分享 #TROLL两日涨超160%