#策略性加码BTC Japan's 10-year government bond yield surges to 2.17%—this number is enough to be written into financial history.

Since 1999, I haven't seen it this high. Consider what this means: the financial assumptions that have persisted for over 20 years are being forcibly broken by reality. What did Japanese government bonds once represent? The safest asset globally, the ceiling of interest rates, the stabilizing anchor of financial markets. Now, this status is shaking.

And it gets even more interesting. How has Japan managed to sustain such ultra-low interest rates for so long? Zero interest rate policy + unlimited quantitative easing by the central bank. This combination has been in place for over twenty years, and the financial markets have long adapted to this rhythm. Global institutions have priced bond yields as the "lower limit of risk-free assets"—meaning all other investment returns are built upon this baseline.

Now that Japanese government bond yields are starting to rise, this is no longer just a simple "interest rate adjustment"; it signals a systemic shift. Chain reactions across global markets will follow: bond revaluation, pressure on stock valuations, liquidity spillovers…$BTC $ETH $SOL How will these risk assets respond? Worth paying attention to.