There is simply no money flowing into the Altcoins market right now and almost nobody is talking about it.
This indicator tracks stablecoins issuance and capital inflows into crypto: - When the bars are green and expanding, it means new money is being created and entering the market. That’s when #BTC and #Altcoins tend to explode. - When the bars turn red, it means liquidity is leaving the market.
In 2022, this indicator collapsed and so did Bitcoin and Altcoins.
Unfortunately, for weeks, even months, the amount of new money being printed and entering crypto has been shrinking.
That means: - Less institutional demand - Fewer whales allocating capital - And very little real demand for Altcoins
This does not mean there will be no Altseason. It means that right now, institutions and big players are not interested in allocating capital to Altcoins. And without fresh liquidity, rallies struggle to sustain.
Japan is currently sitting on $10 TRILLION in debt.
All Japan’s yields just hit the highest levels ever recorded.
Bank of Japan calls an emergency monetary policy meeting.
Their economy is collapsing, and nobody is prepared for what comes next.
If Japan goes down, it takes the global financial system with it.
They only survived because rates were pinned near zero. Now that anchor is gone.
As yields rise, the math turns violent. Debt service explodes. Government revenue gets eaten by interest.
No modern economy sustains this without pain: → Default → Restructuring → Or inflation
Pick your poison.
But here’s where it hits everyone else.
Japan owns trillions in foreign assets. Over $1 trillion in U.S. Treasuries. Hundreds of billions in global stocks and bonds. They bought foreign assets because Japanese yields paid nothing.
Now Japanese bonds finally pay real yields. After hedging, U.S. Treasuries actually lose money for Japanese investors. This isn’t panic. It’s math.
Capital comes home.
Hundreds of billions leaving global markets isn’t a slow adjustment. It’s a liquidity black hole.
Then there’s the yen carry trade - over $1 trillion borrowed cheaply in yen and dumped into stocks, crypto, EM, anything with yield.
As Japanese rates rise and the yen strengthens, those trades blow up. Forced selling starts. Margin calls spread. Correlations go to one.
At the same time:
→ U.S.–Japan yield spreads are collapsing → Japanese capital has less reason to stay overseas → U.S. borrowing costs rise whether the Fed wants it or not
And the Bank of Japan hasn’t even finished.
Another hike in January? The yen spikes. Carry trades unwind harder. Global risk assets feel it immediately.
Japan won’t print its way out this time. Inflation is already hot.
Print more → yen drops → import costs surge → domestic crisis.
They’re trapped between debt and currency - and the exit is closing. For 30 years, Japanese yields were the invisible anchor holding global rates down.