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  "path": "/yen-carry-trade-unwind-margin-call-bitcoin-btc/",
  "publishedAt": "2026-02-22T06:10:36.000Z",
  "site": "https://cryptoslate.com",
  "tags": [
    "Analysis",
    "Featured",
    "Macro",
    "Market",
    "TradFi",
    "bitcoin",
    "BTC",
    "liquidity",
    "yen",
    "yen carry trade",
    "Bitcoin sells off as the yen surged fast enough to trigger cuts across risk books",
    "CryptoSlate"
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  "textContent": "Bitcoin sometimes sells off hard on days with no crypto headlines. A recurring driver sits outside crypto: a yen-funded carry unwind that forces cross-asset deleveraging, then transmits into BTC through thinner liquidity, wider spreads, and fast position reduction in derivatives. Here's the core mechanism in one line: if USD/JPY moves fast enough to trigger margin […]\n\nThe post Bitcoin sells off as the yen surged fast enough to trigger cuts across risk books appeared first on CryptoSlate.",
  "title": "Bitcoin sells off as the yen surged fast enough to trigger cuts across risk books"
}