According to @godbole17, citing analysis from @fidenzamacro and @MacroCharts, the CNH/JPY exchange rate appears to have peaked, signaling a potential inflection point between the Chinese yuan offshore and Japanese yen. For traders, this suggests a risk-off sentiment as market participants rotate out of CNH positions and potentially seek safety in JPY, the premier safe haven currency. The development may trigger increased volatility in Asian forex pairs and could impact carry trade strategies, as well as broader risk-on/risk-off positioning (source: Twitter/@godbole17, May 5, 2025).

According to Cas Abbé, the BTC weekly MACD has shown a reversal, which could indicate a potential bottom in the market. This is compounded by the current tariff news and developments in the Japan Yen carry trade, which are affecting market dynamics. The announcement of additional tariffs by Donald Trump is seen as a critical factor influencing BTC's trading range, suggesting potential price levels of $92K-$95K in April and $105K-$108K by May.

According to Voltardio, traders who profit from selling volatility on Bitcoin ($BTC) may face significant challenges as global macroeconomic conditions shift. The unwinding of the Japanese Yen carry trade is seen as the beginning of a larger economic disruption that could fundamentally alter the current financial system. This situation could lead to a severe market event, referred to as 'volmaggedon', impacting those involved in crypto options trading.

According to Voltardio, selling volatility on Bitcoin ($BTC) with the expectation of easy profits may be risky due to broader macroeconomic shifts. The unwinding of the Japanese Yen carry trade is highlighted as the beginning of a larger economic disturbance that could disrupt the current financial system. This situation, referred to as 'volmaggedon', suggests that traders involved in crypto options might face significant challenges.