2026-01-21 01:22:13

Recently, the global market has experienced a sharp decline, and a key factor has been overlooked by many.

According to market analysts, the Japanese 10-year government bond has exhibited an extreme abnormal fluctuation of "6 standard deviations" within the past 48 hours. What does this mean? In simple terms, it breaks the normal market fluctuation rules.

This issue has far-reaching implications. Japanese government bonds have traditionally been regarded as the benchmark for the risk-free rate worldwide. Once this "anchor" goes out of control, the liquidity of the entire global financial market also faces problems. Liquidity suddenly tightens, funds become scarce, and both the cryptocurrency market and the US stock market are impacted.

This also explains why recent crypto market volatility has been so high. When upstream liquidity is pulled back, downstream asset prices are naturally dragged down. It may seem like a sudden event, but in reality, it is a chain reaction of interconnected causes.

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BlockTalk

· 16h ago

Japanese government bonds are really unbelievable—6 standard deviations... How outrageous is that? No wonder our coins got hammered to the basement. Once liquidity is tightened, everything from US Treasuries to cryptocurrencies has to accept defeat. This system is so fragile. Suddenly I remember, every time there's a sharp drop, someone says, "See, I knew it," but in reality, who could see it clearly beforehand... It's truly like grasshoppers on the same rope; no one can stay unaffected.

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StablecoinEnjoyer

· 16h ago

This move in Japanese government bonds really blew up the entire market. When liquidity tightens, cryptocurrencies also suffer, and there's no way to avoid it.

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LiquidationAlert

· 16h ago

A collapse of Japanese government bonds, followed by tightening global liquidity, means our crypto circle will be hit hard. This is the real systemic risk.

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NFTBlackHole

· 16h ago

Whenever something happens over in Japan, we have to pay the price here. Truly unbelievable.

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BearEatsAll

· 16h ago

Damn, 6 standard deviations? That's really outrageous... Turns out this drop wasn't just a coincidence --- It's Japan causing trouble again, every time it triggers a global chain reaction --- When liquidity tightens, the crypto market has to take the hit. I'm tired of this routine --- Basically, when the top moves, we all have to follow suit with bottom-fishing or cutting losses --- The anchor of the risk-free rate is broken... then nothing has an anchor, no wonder it's so chaotic --- 6 standard deviations sound very exciting, is this testing the market's limits? --- Every big drop can be spun into a story, but the bottom still depends on gambling --- Japan's move is a bit aggressive, the whole world has to pay the price --- Liquidity tightening is a vicious cycle, no one can escape --- So this time, it's really not our coin's fault, it's the fault of the global financial system

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