Yen carry-trade pressure eases for now; 64k becomes the key watershed—only by holding above it can a rebound be discussed

Wu said he learned that QCP Capital said Japan’s 10-year government bond yield has fallen by about 10 basis points, temporarily easing pressure on global liquidity from capital outflows and the unwinding of yen carry trades, pushing Bitcoin back up to around $64k. Despite pressures from geopolitical tensions, oil prices, and a stronger US dollar, Bitcoin quickly found buy-side support after falling to about $61.5k. QCP believes the market still hinges on the direction of the US dollar and real yields; only a continued hold above $64k can further confirm a recovery in the second half of the year.