According to @KobeissiLetter, Japan's 10-year government bond yield has surged to 1.92%, the highest since July 2007. Source: @KobeissiLetter. According to @KobeissiLetter, the 10-year yield has climbed from -0.28% in 2019 to +1.92% as policymakers prepare to raise rates alongside a $135 billion stimulus package. Source: @KobeissiLetter. According to @KobeissiLetter, the move was described as a free-for-all in Japan, signaling heightened macro volatility that cross-asset traders, including crypto participants in BTC and ETH, should monitor during Asia trading hours. Source: @KobeissiLetter.

According to @CryptoMichNL, the rise in Japan’s 10-year government bond yield is backfiring on crypto and is not great for BTC and altcoins; source: @CryptoMichNL, X, Nov 20, 2025. According to @CryptoMichNL, DATs are unwinding based on the current valuation of BTC, accelerating the market’s downfall; source: @CryptoMichNL, X, Nov 20, 2025. According to @CryptoMichNL, a large proprietary firm or market maker may be selling off after going bankrupt on October 10, with details potentially surfacing months later similar to the FTX situation; source: @CryptoMichNL, X, Nov 20, 2025. According to @CryptoMichNL, these moves are among the wildest he has seen in nine years, comparable to the FTX period, and he advises traders to stay safe as markets behave irrationally; source: @CryptoMichNL, X, Nov 20, 2025.

According to Cas Abbé, Japan's 10-year government bond yield has risen for five consecutive months, which he identifies as the biggest immediate risk to BTC and altcoins (source: Cas Abbé on X, Nov 20, 2025). He notes that before the April crypto market crash, the same yield climbed for six straight months, adding fuel to the selloff (source: Cas Abbé on X, Nov 20, 2025). He warns that a Bank of Japan intervention could arrive in 3–4 weeks, with markets likely to feel pain before any action materializes (source: Cas Abbé on X, Nov 20, 2025).

According to @KobeissiLetter, Japan's 10-year government bond yield has risen to 1.66%, the highest since 2008 and eight times higher than in 2022. According to @KobeissiLetter, this now exceeds the S&P 500's dividend yield at 1.16%, the lowest since 2001, marking the first crossover since 2007. According to @KobeissiLetter, investors can currently earn more income from Japanese 10-year government bonds than from S&P 500 dividends, and the S&P 500's dividend yield exceeded Japan's 10Y by 2.35 percentage points in 2020, underscoring a rapidly shifting global investing landscape.