This is not good for #crypto.
The big ‘carry trade’ unwind is far from over, strategists warn
Strategists have warned it is too early to give the all-clear to the rapid unravelling of "carry trades."
It's too early to give the all-clear to the rapid unraveling of "carry trades," strategists have said, warning investors that the unwind may still have further room to run.
Carry trades refer to operations wherein an investor borrows in a currency with low interest rates, such as the Japanese yen, and reinvests the proceeds in higher-yielding assets elsewhere.
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