It Was Japan, Not Greenland, Driving Bitcoin’s Selloff
The media blamed the market’s selloff on Greenland. The more important driver was Japan.
Bitcoin trades 24/7, so a change in the Bank of Japan’s policy can hit risk assets before US markets open. When Japanese yields and the yen move, global leverage gets repriced – and crypto is often the first place that pressure shows up.
The lesson is simple: don’t confuse the headline with the mechanism. Greenland made a good story, but the BOJ was the transmission channel. Watch the yen, Japanese rates, and global liquidity before assigning every Bitcoin move to the day’s political news.
