---
title: The unwinding of popular strategies such as the yen carry trade in traditional markets have been adding to the selling pressure on bitcoin.
description: "The yen carry-trade strategy involves borrowing the relatively low-yielding yen and investing in other currencies offering higher returns.\nAccording to Matt Maley, chief market strategist at Miller Tabak & Co, “Bitcoin and other cryptocurrencies are assets that tend to move with liquidity. When liquidity is more plentiful, cryptos rally, and when it’s less plentiful, they decline.” \n “Well, one of the best indicators for the level of liquidity in the system is the yen carry trade.”\n\nSource: zerohedge"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [The unwinding of popular strategies such as the yen carry trade in traditional markets have been adding to the selling pressure on bitcoin.](https://blog.syzgroup.com/syz-the-moment/the-unwinding-of-popular-strategies-such-as-the-yen-carry-trade-in-traditional-markets-have-been-adding-to-the-selling-pressure-on-bitcoin)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jan 30, 2026, 3:23:47 PM

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