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This chart is single-handedly bringing the entire crypto market down.
Japan 10-year bond yield is now at its highest level since 2008.
BOJ is about to do a rate hike at the next meeting, which will make things worse.
Cheap borrowing will be over and people will sell their assets to repay the debt.
Crypto is the most liquid asset, so it's dumping the most.
I think we could soon the impact on other assets too.