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The rise in Japanese bond yields is slowly draining the global economy, and the bitcoin bitcoin is at the mercy of the fire.
This is the basic argument from latest analysis For the magazine XWIN Research, which reports the truth about Japanese bonds in bitcoins.
How does the Japanese bond market beat Bitcoin?
Japan’s 10-year bond yield recently reached 2.39%, It is the highest level since 1999. Although there are about 390 trillion yen of government bonds, even a 1% increase in the government, even a 1% increase in claims causes tens of trillions of yen in unrealized losses for banks and insurance companies.
These institutions must then strengthen their public budgets. This means selling risky assets and withdrawing capital to the country. And since Japan has the largest foreign debt in the world, this repayment reduces the debt.
Bitcoin, as a risky asset, relies heavily on global liquidity. The history shows that it rises during easy profit periods and stops when it rises again. The current environment fits this pattern.
Stable currency data adds complexity. The supply of ERC-20 stablecoins is back to its highest level ever, which indicates that the most important capital is showing up. However, those funds do not flow to Bitcoin. Early 2026 saw an outflow of about 9.6 billion dollars from Bitcoin, with the wave of change.
Why is this important now?
Rising interest rates do more than just create selling pressure. It raises borrowing costs, reduces financial leverage, and establishes new capital and risk management. As the relative strength of the yen attracts money away from dollar-denominated assets, it attracts money away from dollar-denominated assets.
تجادل XWIN Research بان فهم البيتوكين الآن آلى النظر إلى ما هو أبعد من المقائيس على السلسيس على التجادل XWIN Research Prices, transactions and capital flows are the main story.
