The Crash You Didn’t See Coming — Until It Was Too Late What’s happening right now isn’t just another correction. It’s a full‑blown market reset. In the last 30 days, crypto markets have shed roughly $800 billion in value — and on one brutal Monday, about $200 billion disappeared in a single 24‑hour span. That’s not volatility. That’s carnage. Here’s how it all collapsed so fast: For years, global speculators treated the ultra‑cheap yen as a magic key — borrowing at near-zero rates in Tokyo, then dumping those yen proceeds into high-risk, high-return bets: crypto, U.S. equities, emerging‑market assets. This was the so‑called “yen carry trade.” But now, with yields on Japanese government bonds spiking to their highest levels since 2008, the…
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