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News Explorer — Short-term Bitcoin Holders Faced Losses Similar to FTX Collapse During Japan Carry Trade Chaos

Generated by AI, curated by humans


Aug 7, 6:55 am
The Defiant

Short-term Bitcoin Holders Faced Losses Similar to FTX Collapse During Japan Carry Trade Chaos

Short-term Bitcoin holders have been selling off their tokens amid the chaos caused by Japan's carry trade unwinding. These holders locked in losses similar to when FTX collapsed, with $560 million worth of Bitcoin sold yesterday. On the other hand, larger Bitcoin holders have been increasing their holdings, accumulating an additional 200,000 BTC since August 1.

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