According to The Kobeissi Letter, Japan's 30-year government bond yield has surged by 100 basis points to a record 3.20% in just 45 days, while over $500 billion in 40-year Japanese government bonds have lost more than 20% of value in six weeks (Source: The Kobeissi Letter on Twitter, May 25, 2025). This unprecedented volatility in one of the world's largest sovereign debt markets raises concerns about global liquidity and risk-off sentiment, which can drive increased volatility in cryptocurrency markets as investors reassess safe havens and asset allocations in response to Japan's bond market instability.