Day trading pre-market open August 6, page-13

Japanese 'carry trade' the culprit apparently.

Like a smaller version of the GFC central bank asset inflation practices of cheap money but the cheap money becoming more expensive. BOJ went from 0 > .25 other week causing strength in yen (loans denominated in yen) so supply side cost of capital escalating causing asset sales (BTC, Tech, AI etc) to pay back loans by buying more yen causing further demand for yen.

My sources suggesting problem no where as big as GFC asset inflation unwind but my sources are tracking 50;50 atm, all gets down to commonsense, if your buying or selling do it for a good rational reason not emotional noise.