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A major PRO player is working.
Selling has begun. Support levels (USD 81,000β86,000).
Resistance levels (USD 94,000β100,000).
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Altcoin market capitalization (TOTAL3), which is all cryptocurrencies except Bitcoin (BTC)
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π¨ JAPAN IS BREAKING THE SYSTEM: WHY THE JGB CRISIS IS THE BEGINNING OF THE END OF CHEAP MONEY FOR EVERYONE
For decades, Japan has been the world's source of "cheap money" through the yen carry trade (borrowing yen at 0% and investing in risky assets around the world).
π Now, inflation and a massive government debt (222% of GDP) are forcing the Bank of Japan to tighten policy. Bond yields (JGBs) are soaring to their highest since 1998.
Result: A massive unwind of the carry trade has begun. Japanese investors are rushing to sell US bonds (USTs) and risky assets (stocks, crypto) around the world to buy back the rising yen. Why this concerns everyone:
π¦ LDI 2.0 Risk: The collapse of "safe" bonds threatens a global repeat of the UK pension fund crisis (2022), when falling bond prices triggered massive margin calls and forced sell-offs of everything.
What will happen to crypto (especially Bitcoin):
π Short-term: BTC is the canary in the coal mine. It is the first to be sold when liquidity is tight. Expect a deep correction.
π Long-term: If central banks (the Fed, the ECB) respond by firing up the printing press to save the system, BTC will become a digital haven from fiat devaluation.
Bank of Japan Statement, December 9-10: Will they raise rates? What support measures will they announce? Fed Actions: Will they launch reverse QE or new swap lines in response to the Japanese crisis?
SOFR and SRF Usage: Will they continue to rise? This is an indicator of stress in the dollar system.
10-Year UST Yield: Will it break 4.5%? This will trigger a new round of sell-offs.
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The Federal Reserve injected $13.5 billion into the US banking system through overnight repo transactions. This is the second-largest liquidity injection since COVID-19, surpassing even the peak of the dot-com bubble.
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A classic bearish structure is forming, the target of which will be a breakthrough, but first a rebound
#BTC
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π¨ THE ECONOMIST SOUNDS THE ALARM: "HOW MARKETS CAN COLLAPSE THE ECONOMY"
The cover of the authoritative magazine The Economist for November 15, 2025, bears a provocative and frightening headline. This isn't just a journalistic sensation, but a systemic warning from one of the world's leading economic publications.
π What does this really mean?
The magazine identifies three key risks that coincide with the current reality:
The disconnect between financial markets and the real economy. Asset prices (stocks, crypto, real estate) have reached levels that are not supported by growth in production, wages, and consumption.
A liquidity and debt crisis. The story of BlackRock, Renovo, and the collapse of private credit is just the tip of the iceberg. The system is overburdened with debt issued during the era of "easy money."
The fragility of the financial architecture. Modern markets are a complex web of derivatives, collateral, and algorithmic connections. A breakdown in one node threatens a chain reaction.
π Connection to today:
The cover came out a week before the November crash.
It warned of exactly what we're seeing now: a flight from risky assets, liquidity problems, and panic in credit markets.
The Economist acted as a "canary in the coal mine"βthe most authoritative signal of the coming storm.
When the conservative Economist talks about the risk of an economic collapse from markets, it's not a reason to panic, but a strong signal to reconsider strategy.
https://www.economist.com/weeklyedition/archive?utm_source=chatgpt.com
Available now! Telegram Research 2025 β the year's key insights 
