For 30+ years, Japan exported the cheapest money in human history. Near zero rates. Infinite liquidity. Trillions borrowed in yen, deployed into every asset class on Earth.

That era died this week.

The numbers no one is discussing:

Bank of Japan ETF holdings: $534 billion.
Disposal timeline just announced: Over 100 years. December 19 rate hike probability: 90%.
New rate: 0.75%. Highest since 1995.
Japan's US Treasury holdings: $1.189 trillion. Largest foreign holder.
10 year JGB yield: 1.96%. Highest since 2007.
30 and 40 year yields: All time records.

The pattern no one wants to acknowledge:

March 2024 BOJ hike. Bitcoin fell 23%.
July 2024 BOJ hike. Bitcoin fell 26%.
January 2025 BOJ hike. Bitcoin fell 31%.

December 19th approaches.

Here is what changed:

The BOJ is no longer buying. It is selling. For the first time in history, a major central bank is liquidating assets accumulated through quantitative easing. Not slowing purchases. Reversing them.

The yen carry trade funded your tech stocks. Your bonds. Your crypto. Your pension. Every leveraged position traces back to borrowed yen at zero percent.

That funding cost just became 0.75% and rising.

The regime shift:

Markets priced the rate hike. Markets did not price the consequences. The transition from permanent buyer to permanent seller changes every risk calculation in global finance.

What to watch:

USD/JPY below 150 triggers margin calls.
USD/JPY below 145 triggers cascades.

December 19, 2025.

The day the invisible empire begins its century long liquidation.

Position accordingly.

$BTC #Japan