Explore the implications of the carry trade on global markets, focusing on the yen's impact on tech stocks and cryptocurrencies.

Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30.

The yen is at 40-year lows near 162 JPY/USD. Here's why the carry trade risks matter for Bitcoin and global crypto markets.