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颜值糕（乞讨版）
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Crypto friends, watch the crowded yen short positions today.
SMBC Nikko: Japanese retail yen shorts hit ¥2.886 trillion at end-Aug, over half of global total.
A sudden unwinding may pop liquidity bubbles and trigger mass long liquidations.
Paired with FOMC today, cut leverage and manage risk.$BTC $ETH $SOL #本周FOMC揭晓，加息能否落地？ #CLARITY法案投票受阻引争议 #AI发展焦虑升温，监管讨论升级
颜值糕（乞讨版）
$BTC $ETH $SOL Friends in the crypto circle, today we need to be especially alert to the Japanese yen short matrix!
SMBC Nikko Securities data: As of the end of August, Japanese retail yen shorts reached ¥2.886 trillion, accounting for more than half of the global yen short positions.
This is the crowded yen carry trade, where large amounts of funds borrow low-interest yen to exchange for dollars, flooding into US stocks and the crypto market, inflating a liquidity bubble.
Once a forced liquidation is triggered, funds will concentrate on selling off dollar assets, causing the bubble to burst rapidly, which can easily lead to mass liquidations of longs in the crypto market.
Coupled with tonight's FOMC decision, multiple macro risks are resonating.
Today, be sure to reduce leverage, avoid heavy positions, and manage risk well!
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