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.
