Odaily News According to CoinDesk, analysts pointed out that Japanese yen long positions have reached extreme levels, which may provide some support for Bitcoin (BTC) and the Nasdaq index (NASDAQ).
Market observers believe that if the yen pulls back, funds may flow into other asset classes, including U.S. tech stocks and the crypto market, which may help BTC and NASDAQ stabilize. Currently, investors are closely watching the macroeconomic environment and foreign exchange market dynamics to determine potential market trends.
(CoinDesk)