⚠️GLOBAL RISK ALERT: $TURTLE

Japan’s bond market the world’s 3rd-largest is now behaving like an emerging market. $FRAX

- Market dislocation index hit 9.5bps, the highest ever $ZEC
$280M in trading triggered a $41B wipeout
- BoJ tapering + life insurers pulling back → liquidity dries up
- Foreign investors now 65% of monthly JGB flows, up from 12% in 2009

Systemic risk is rising.
When fragility spikes, crypto often reacts first.