The most dangerous chart in finance isn't Bitcoin. It's the Japanese 10-Year.

Yields just surged to 2.07%.

For decades, Japan exported liquidity to the world because their own rates were zero. That era is over.

As yields rise at home, trillions of dollars of Japanese capital will sell foreign assets to repatriate. This is effectively a global margin call.

The anchor of the low-interest rate world has officially come loose.