Japan's long-dated government bonds hit multi-year yield highs early this December—a signal worth paying attention to. When yields spike like this, it typically reflects weak investor appetite for these bonds. Think about what this means: if traditional safe-haven assets are struggling to attract buyers at current prices, where does capital flow? This kind of shift in the global macro environment often influences how institutional money moves across different asset classes, including digital assets. The pattern is telling investors something about risk sentiment and capital allocation strategies moving forward.