[Bitcoin And Nasdaq May Trend Towards Stability As Yen Long Positions Overextended] March 11Th, According To Coindesk, Excessive Positioning In Japanese Assets And The Yen May Limit The Yen'S Upside Potential, Thus Creating An Opportunity For A Rebound In The Nasdaq And Bitcoin. This Could Provide Some Relief For Risk Assets Including Bitcoin (Btc).The Recent Declines In The Nasdaq And Bitcoin Coincide With A Sharp Rise In Japanese Government Bond Yields And The Strengthening Of The Safe-Haven Asset, The Japanese Yen (Jpy), Similar To The Market Dynamics In Early August Last Year. There May Be A Causal Relationship Here. For Decades, The Low-Yielding Yen Has Supported The Rise In Global Asset Prices. The Recent Sustained Strength Of The Yen May Have Triggered Risk-Off Sentiment In Wall Street And The Crypto Market To Some Extent.According To Data Tracked By Macromicro Through The CFTC (Commodity Futures Trading Commission), Speculators Held A Record High In Yen Long Positions Last Week, Indicating A Widespread Belief In The Further Appreciation Of The Yen. However, Such An Extreme Bullish Positioning May Lead To Market Disappointment, Prompting Large-Scale Long Liquidations And Causing A Rapid Yen Pullback.In Other Words, The Yen'S Appreciation May Temporarily Stall, Providing An Opportunity For Relief For Risk Assets Such As The Nasdaq And Bitcoin