USD/JPY trading volume exceeds Bitcoin on DeFi platform Gains Network
Tading volume of USD/JPY on the DeFi platform Gains Network has surpassed that of Bitcoin, and today there was a large leveraged short position of 8.26 million USD in the USD/JPY pair. Some traders have established a large number of leveraged short positions in USD/JPY and EUR/JPY on the platform, betting on the appreciation of the yen. Perhaps these market participants expect the Bank of Japan to intervene in the foreign exchange market to prevent the yen from falling.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Over 92.3% Price Pump Await FLOKI Holders as the Memecoin Turned Altcoin Shows Strong Bullish Indicators
Monkey Tilt Raises $30M to Redefine Online Gaming with Crypto and Classic Casino Features
$47B in BTC may flow into Bitcoin L2s by 2030 — Galaxy Research
Mara Holdings raises $1B for Bitcoin acquisition, debt buyback
Trending news
MoreCrypto prices
More
