U.S. and Japan rush to rescue the yen, but one market won't flinch

The U.S. and Japan are aggressively intervening to prop up the yen, a move that historically triggers a brutal Bitcoin crash. We saw Bitcoin plummet 20% last August due to carry trade unwinding, yet this time, Bitcoin is holding steady above $63,000. The data shows the yen isn't the real driver—it’s all about the U.S. dollar. The narrative that yen volatility dictates crypto’s fate is officially dead. Is Bitcoin finally immune to the carry trade, or is a crash just delayed?
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