Bitcoin Drops Below $92,000 as Four-Year Cycle Fears and Liquidations Spark Caution Across Crypto Markets

Economic

Cryptocurrency

Summary:

Bitcoin fell below $92,000, extending its losses to over 26% since its October high, as traders weigh whether the downturn reflects a temporary correction or the onset of a new four-year market cycle....

Bitcoin’s Decline Deepens as Historical Patterns Resurface

Bitcoin’s sharp slide continued Monday, with the world’s largest cryptocurrency falling below the $92,000 mark, a more than 5% daily loss that pushed total declines since October’s all-time high above $126,000 to over 26%. The market drop comes amid rising investor anxiety that the current sell-off may not be merely a technical correction but part of the larger four-year cycle pattern that has historically led to prolonged downturns.

According to Bernstein analysts led by Gautam Chhugani, this wave of selling coincides with a historically significant timeframe. Bitcoin tends to peak between 400 and 600 days following its halving events the latest of which occurred in April 2024. This window, they argue, is fueling a “self-fulfilling prophecy” where historical expectations alone contribute to selling pressure.

Liquidations and Profit-Taking Accelerate Momentum Shift

The collapse of nearly $19 billion in leveraged positions last month acted as the initial catalyst for this downturn. That liquidation event, followed by profit-taking from long-term holders, stripped the market of bullish momentum. Analysts at 10X Research point to a notable stall in buyer interest beginning around October 10, which left the market vulnerable to a correction, especially as macro conditions turned less favorable.

Adding to the technical risk is the psychological importance of the $93,000 level. A recent note from 10X warns that breaking below this threshold which has now occurred may trigger an “accelerated liquidation cascade,” as risk management algorithms and margin calls kick in.

Institutional Support and Policy Clarity Offer Medium-Term Optimism

Despite the volatility, some analysts see a foundation of long-term support emerging. ETF adoption has gained pace, reflecting what Bernstein calls a “higher quality and consistent ownership” profile for Bitcoin. Furthermore, the Trump administration’s vocal support for crypto, including the proposed Clarity Act in Congress, provides a potentially more stable regulatory backdrop a stark contrast to the fragmented U.S. approach seen in earlier cycles.

Chhugani emphasizes that this downturn doesn’t resemble the euphoric tops seen in past cycles. Instead, he views it as part of a “structural multi-year trend” driven by institutional adoption and market maturation, albeit punctuated by intermittent volatility.

MicroStrategy Buys the Dip, Reinforcing Confidence

Michael Saylor’s Strategy Inc. added to its Bitcoin reserves once again, purchasing 8,178 tokens at an average price of $102,171 each totaling $835 million. This accumulation during a sharp drawdown signals continued high-conviction buying from corporate entities despite market instability.

MicroStrategy now plays a dual role: not just as a bellwether for institutional sentiment, but also as a support mechanism for Bitcoin's floor during high-volatility episodes. However, with the firm itself deep in unrealized losses on recent purchases, its continued buying could either reassure the market or raise questions about sustainability.

Hawkish Fed Adds to Fragility as Traders Eye $80K Support

Adding further stress to the market is the Federal Reserve’s increasingly hawkish posture. The recent pause in rate cut expectations has tilted the macro environment away from high-risk assets. With inflation still above the Fed’s 2% target and delayed labor market data clouding policy clarity, crypto assets especially Bitcoin have become more sensitive to shifts in rate outlooks.

The ~$80,000 range, which acted as an immediate post-election support level, is now being watched as the next potential bottom. Chhugani of Bernstein believes that should Bitcoin consolidate near this level, it may offer an attractive entry point for new long-term investors. However, the path there is expected to be volatile.

Four-Year Cycle Meets Structural Transition

Bitcoin's current downturn sits at the intersection of historical cycle expectations and a transforming market structure. While some indicators suggest the recent weakness is part of a broader correction aligned with halving-cycle timing, others highlight that institutional involvement and policy support could limit downside severity.

Whether Bitcoin stabilizes near $80,000 or faces a deeper flush will depend on multiple factors: macroeconomic data, Fed signals, and the pace of institutional inflows. For now, the market remains in a cautious phase one that may redefine the contours of the next leg in Bitcoin’s evolution.

Source: Bloomberg

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Economic

Commodity

Global Surplus Expectations Dominate Short-Term Price Pressure

Crude benchmarks continued to slide on Tuesday, with Brent falling below $64 per barrel and West Texas Intermediate (WTI) trading near $59. This dip reflects growing market expectations of a significant supply glut through 2026. The International Energy Agency (IEA) has projected a record global surplus, citing the resurgence of idle production capacity from OPEC+ and ramped-up supply from outside the bloc, including the U.S. and Canada.

The bearish sentiment is further driven by evidence that oil flows are becoming more robust, not more restricted. According to Saul Kavonic, senior energy analyst at MST Marquee, the market is currently balancing two narratives: the structural surplus emerging from higher supply and the geopolitical risks that could disrupt near-term distribution.

“If enforcement of sanctions proves lax, conflict levels don’t escalate, and OPEC maintains current output discipline, the market should continue to soften,” Kavonic said.

Russia’s Crude Faces Collapse Just Ahead of U.S. Sanctions

Adding to the complexity, U.S. sanctions targeting Russia’s state-controlled energy giants Rosneft PJSC and Lukoil PJSC are set to take effect this week. In anticipation, prices for Russia’s flagship Urals crude have fallen to their lowest levels in over two years. Although the sanctions are aimed at curbing Moscow’s revenue streams, traders remain skeptical of how strictly they will be enforced.

The sanctions come at a time when Russian supply had already begun rerouting toward non-Western markets, partially mitigating Western influence. However, any additional constraints or logistical bottlenecks could tighten supply in the short term, supporting prices particularly if paired with rising tensions in other producer regions.

North American Supply Expands with Trans Mountain Pipeline

Meanwhile, Canadian oil sands production is surging, aided by the recent expansion of the Trans Mountain pipeline. This infrastructure development has improved export capacity to Asian markets, allowing Canadian output which hit a record high in June to bypass some of the traditional U.S. bottlenecks. The Bank of Montreal projects Canadian output could climb to 6 million barrels per day by 2030, adding long-term pressure to global balances.

This supply growth is contributing to the IEA’s surplus forecast and signals that non-OPEC producers are playing a more influential role in shaping the medium-term price floor.

Geopolitical Flashpoints Offer Price Support Amid Broader Weakness

Despite bearish fundamentals, several geopolitical flashpoints continue to support a fragile floor for oil prices. Conflict in Sudan has disrupted export flows, and Iran’s seizure of a tanker near the Strait of Hormuz last week underscores the region’s fragility. Additionally, the U.S. has escalated pressure on Venezuela, including threats to designate a Maduro-linked cartel as a terrorist organization, and hinted at broader military action in Latin America.

These developments, while not yet disruptive enough to offset the global surplus narrative, add uncertainty to short-term supply chains particularly through critical chokepoints like Hormuz.

Saudi-U.S. Strategic Engagement Could Shape Oil Diplomacy

On the diplomatic front, Saudi Crown Prince Mohammed bin Salman is set to meet U.S. President Donald Trump in Washington. Their discussion is expected to cover both arms sales including F-35 fighter jets and broader energy coordination. This meeting signals continued alignment between the world’s largest energy producer and consumer, potentially shaping OPEC+ strategy and market messaging.

The White House emphasized Saudi Arabia’s status as a “great ally,” suggesting Washington is looking to deepen cooperation as it expands its energy influence and manages multiple regional tensions.

Surplus Dominates, But Geopolitical Risk Limits Downside

Oil markets remain in a delicate balance, with structural oversupply anchoring prices lower while geopolitical risk provides intermittent support. The effectiveness of upcoming U.S. sanctions on Russian oil, the scale of Canada’s supply expansion, and the outcome of U.S.-Saudi talks could each tilt sentiment in the weeks ahead.

However, unless new disruptions arise or OPEC+ shifts course, the market appears headed toward a looser supply-demand balance, keeping downward pressure on prices through early 2026. Traders will remain closely attuned to both diplomatic developments and hard data on supply flows to determine whether the current dip is part of a broader correction or the beginning of renewed volatility.

Source: Bloomberg

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Economic

Stocks

Broad Tech Sell-Off Drives Asia into the Red

Markets across the Asia-Pacific region fell sharply on Tuesday, mirroring a global retreat from high-growth technology stocks. Japan’s Nikkei 225 dropped 3% to 48,835.20, while South Korea’s Kospi sank 3.1% to 3,960.82 their worst single-day performances in weeks. Taiwan’s Taiex also plunged 2.3%, underlining how deeply Asian markets are tethered to the fortunes of the global semiconductor sector.

Leading the declines were chipmakers and AI-adjacent firms. In Japan, Tokyo Electron slid 5.4%, and Advantest fell 4.6%. South Korea’s SK Hynix tumbled 5.7%, while Samsung Electronics lost 2.9%. Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, fell 2.4%.

The trigger for the rout was U.S. tech weakness overnight, particularly in AI-driven stocks like Nvidia, which dropped 1.8% ahead of its third-quarter earnings report. Investors are anxious that valuations have become overly stretched after months of relentless gains, and any sign of softening demand or cautious forward guidance could spark further de-risking.

Bitcoin Decline Adds to Speculative Asset Pressure

The retreat from risk extended beyond equities. Bitcoin slid another 2% early Tuesday to $90,110, dragging down crypto-linked equities. Coinbase Global fell 7.1%, while Robinhood Markets declined 5.3%, reflecting growing fragility in speculative markets. This underscores how closely correlated digital assets remain with high-beta tech sentiment a dynamic that compounds selling when risk appetite weakens.

With many momentum trades under pressure, market participants are reassessing the sustainability of recent gains across equities and crypto. A widespread repricing appears underway as investors brace for multiple macro catalysts in the days ahead.

Nvidia Earnings and U.S. Jobs Data Loom Large

Markets are on edge ahead of Nvidia’s earnings due Wednesday and delayed U.S. employment data set to be released Thursday. Both are expected to play a crucial role in determining near-term risk sentiment. Nvidia, a key AI bellwether, must live up to high expectations following a 40% year-to-date rally. Any hint of slowing demand or softer forward guidance could trigger further liquidation.

Meanwhile, the postponed September U.S. jobs report delayed due to the prolonged government shutdown may influence the Federal Reserve’s policy trajectory. A strong report would likely reinforce the case for the Fed to pause on rate cuts in December, while weak data could spark concerns about the health of the labor market and the broader economy.

Japan’s Fiscal Outlook and Bond Market Turbulence Add to Uncertainty

Another layer of risk emerged from Japan, where 30-year government bond yields surged to 3.31%, the highest since 1999. The spike follows Prime Minister Sanae Takaichi’s plans to increase fiscal spending and delay fiscal consolidation, fueling fears of a deteriorating debt profile. The yen hovered above 155 to the U.S. dollar, nearing multi-decade lows, while it touched its weakest point against the euro since the single currency’s inception in 1999.

The combination of rising yields and a weakening currency suggests investors are beginning to reprice Japan’s macroeconomic risk, particularly amid geopolitical tensions with China and uncertainty over the Bank of Japan’s next policy steps. Elevated long-term borrowing costs could challenge government stimulus plans and weigh on future growth expectations.

Alphabet Bucks the Trend as Berkshire Stakes Its Claim

Despite the broader sell-off, not all U.S. tech names fared poorly. Alphabet (GOOGL) rose 3.1% after Berkshire Hathaway revealed a $4.34 billion stake in Google’s parent company. The endorsement by Warren Buffett’s firm known for its value-driven approach served as a rare bright spot in an otherwise gloomy tech session.

The move suggests some investors are selectively adding to long-term holdings where valuations appear more reasonable, even as they exit more speculative corners of the market like AI chip stocks and crypto-linked firms.

Macro Risks, Valuation Concerns Converge to Shake Global Confidence

Tuesday’s slump in Asian markets reflects a confluence of short-term market anxieties and deeper structural concerns. With Nvidia’s earnings and U.S. labor data imminent, investors are recalibrating their exposure to tech and speculative assets. Rising bond yields in Japan, a weakening yen, and China’s diplomatic tensions with Tokyo add to the caution.

In this environment, volatility may remain elevated until clarity emerges on corporate earnings and central bank direction. For now, the sell-off reflects not just overvaluation in pockets of the market, but growing uncertainty over whether the pillars supporting 2025’s rally AI enthusiasm, dovish Fed expectations, and fiscal stimulus can endure the coming tests.

Source: AP

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Economic

A Diplomatic Gamble: Takaichi’s Taiwan Shift Draws Immediate Repercussions

Barely a month into her tenure, Japanese Prime Minister Sanae Takaichi is confronting her first geopolitical crisis after breaking decades of strategic ambiguity regarding Taiwan. By explicitly linking a Taiwan Strait crisis to Japanese troop involvement, Takaichi not only startled Beijing but also opened the door to retaliatory measures with serious economic ramifications.

China’s response was swift and coordinated. Foreign Ministry spokeswoman Mao Ning issued a rare public demand for Japan to retract its remarks, warning Tokyo to “stop playing with fire” and uphold past commitments. The tone signals that Beijing considers Takaichi’s statement a significant deviation from historical Japanese caution on cross-strait issues.

Economic Leverage in Focus: China Targets Japan’s Vulnerabilities

While diplomatic ties have seen previous periods of frost most notably after Japan’s nationalization of the Senkaku/Diaoyu islands in 2012 the current context is more economically fraught. China remains Japan’s largest trading partner, and recent stabilization in bilateral ties had contributed to regional market confidence.

That détente is now at risk. Analysts fear China may weaponize trade tools such as restrictions on rare earth exports to pressure Japan. Japan’s auto industry, particularly its electrified vehicle segment, is highly exposed to disruptions in rare-earth supplies. Bloomberg Intelligence’s Tatsuo Yoshida warns that any embargo could create significant manufacturing bottlenecks, although short-term impacts may be cushioned by inventory stockpiling.

This concern is heightened by Takaichi’s explicit stance on defense policy and her historical ties to Taiwan, including a visit to President Lai Ching-te prior to assuming office. Her comments viewed in Beijing as ideologically driven rather than strategically calculated have been framed by state media as signaling a shift toward “new militarism.”

Domestic Strength Meets External Isolation: Political Costs and Calculations

Despite international backlash, Takaichi enjoys domestic political momentum. Her approval rating stands above 80%, and her nationalist base may rally around perceived strength in the face of Chinese coercion. Former diplomat Kunihiko Miyake argues that Beijing’s pressure may inadvertently consolidate her domestic support, at least in the short term.

However, this political capital comes with constraints. Walking back her remarks would undermine the image that won her the premiership, but maintaining a hardline risks economic isolation at a time of domestic fragility. Japan’s GDP contracted in Q3, and further pressure on exports or supply chains could undermine recovery efforts, especially as global trade remains under stress.

China’s Calculated Escalation: Pressure Without Provocation

While Beijing has warned citizens against studying in or traveling to Japan, and Premier Li Qiang reportedly has no plans to meet Takaichi at the upcoming G-20 Summit, China appears to be pursuing a measured escalation. Warnings have so far been limited to diplomatic statements and travel advisories rather than full-scale economic sanctions.

Experts like Rui Aoyama of Waseda University suggest that while Beijing wants to punish Tokyo economically, it is unlikely to sever ties entirely. Memories of the 2012 backlash including violent protests and a sharp drop in Japanese exports remain instructive. With China’s own economy under strain, particularly amid youth unemployment and sluggish consumer demand, Beijing is likely to avoid inflaming nationalist sentiments too far.

Nonetheless, Beijing holds structural economic leverage. Rare earths, semiconductors, and market access to its massive consumer base give China tools to pressure Tokyo in targeted ways. The threat is less about volume and more about precision disrupting Japan’s most vulnerable sectors while avoiding broad-based decoupling.

Strategic Implications: Takaichi Redefines Japan’s Security Posture

Takaichi’s remarks also signal a departure from the strategic ambiguity carefully preserved by previous Japanese leaders. For decades, Tokyo has declined to define what constitutes a “survival-threatening situation” the threshold that could trigger collective self-defense under Japanese law. By suggesting that a Taiwan contingency could meet that threshold, Takaichi effectively challenges not just China’s red lines but also Japan’s longstanding defense doctrine.

This shift aligns Japan more closely with the United States’ position, especially after similar ambiguity-breaking comments from former U.S. President Joe Biden. Notably, President Trump, during his recent Asia visit, reaffirmed U.S. support for Japan in strong terms, stating, “Anything you want, any favors you need… we will be there.”

A Prolonged Freeze or a Calculated Reset?

The Takaichi-Xi standoff is likely to enter a phase of prolonged diplomatic freeze, marked by symbolic rebukes and quiet economic retaliation. While full-scale sanctions or public protests remain unlikely for now, the risk of targeted disruptions in key industries particularly autos and tech cannot be dismissed.

As the crisis unfolds, the cost of Takaichi’s bluntness may rise. Yet retreating could cost her political credibility. The longer Beijing sustains pressure without overt escalation, the more it chips away at Japan’s growth outlook and forces Tokyo to reconsider the price of security clarity. In the evolving Indo-Pacific chessboard, Takaichi’s move may redefine the rules but it will not come without sacrifice.

Source: Bloomberg

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Economic

Cryptocurrency

Bearish Sentiment Tightens Grip as Bitcoin Plunges

Bitcoin's rapid descent continued Tuesday, breaking below the $90,000 threshold during Asian trading hours. The move erased all year-to-date gains and triggered a surge in hedging activity, with traders now preparing for further downside toward $85,000 and even $80,000. According to options market data from Deribit, over $740 million in contracts have been bought that bet on continued declines through late November significantly outweighing bullish bets.

This imbalance reveals a dramatic shift in trader conviction. The same investors who aggressively accumulated Bitcoin just weeks ago are now scrambling to hedge or exit their positions. Chris Newhouse, head of research at Ergonia, notes that there’s a visible collapse in conviction-based spot demand, particularly from buyers who are now “underwater” after entering during the recent highs.

Digital Asset Treasuries Add to Market Stress

The selloff is especially painful for corporate digital-asset treasuries companies that heavily stockpiled Bitcoin earlier this year to bet on its appreciation. While high-profile buyers like Michael Saylor’s Strategy Inc. continue to double down (most recently acquiring $835 million worth), other firms face mounting pressure to offload holdings to shore up their balance sheets.

This dynamic has created a psychological overhang. Markets are now characterized by participants who are reluctant to buy more due to prior losses, but equally unwilling to crystallize those losses by selling. This leads to a liquidity freeze and exacerbates negative momentum.

Volatility Spike Reflects Breakdown in Risk Appetite

CoinMarketCap’s sentiment index, which tracks momentum, volatility, and derivatives behavior, has dipped into the “extreme fear” zone a level often associated with capitulation or the early stages of a rebound. However, in this case, external risk factors are amplifying the internal damage.

The broader macro backdrop is weighing heavily on crypto. With the Federal Reserve still undecided about a December rate cut, risk assets across the board have been on the defensive. A more hawkish tone from Fed officials and the looming release of Nvidia’s earnings a bellwether for speculative tech sentiment are adding to crypto’s vulnerability.

Kaiko analyst Adam McCarthy emphasized that both Fed rate uncertainty and the threat of an AI market correction are fueling “a sustained downtrend” in crypto markets. The relationship is not necessarily causal, but strongly correlated, as investor appetite for high-risk assets weakens under tighter liquidity conditions.

Altcoins Crumble, Ether Drops Over 20%

Ethereum’s Ether token has suffered heavily in this drawdown, dropping to $2,946 a more than 20% decline since early October. Greg Magadini of Amberdata attributes this to the heavy exposure of Ether within corporate treasuries, many of which are now under significant stress.

Smaller tokens have not been spared either. A $19 billion liquidation wave that began in early October has severely reduced open interest across the board. Solana, in particular, has seen its futures positioning fall by over 50%, according to Coinglass. This drop in speculative leverage has contributed to declining liquidity, further deepening price volatility.

Risk-Off Mood Dominates Despite Structural Stability

While the rapid selloff may suggest systemic risk, Thomas Perfumo, global economist at Kraken, argues that the decline is being driven by macroeconomic fears, not structural weaknesses in the crypto ecosystem. In other words, the market remains intact, but sentiment is temporarily broken.

The cascade of selling, margin calls, and waning confidence in bullish narratives has ushered in a “risk-off” phase that may persist through the end of the year especially if Nvidia's earnings or upcoming Fed guidance disappoints.

Bitcoin’s fall below $90,000 is more than just a technical event it reflects a convergence of fading investor confidence, external macro risk, and mounting pressure on leveraged corporate holders. As bearish bets pile up and sentiment metrics flash warning signs, the crypto market faces the potential for deeper corrections. Whether this marks the beginning of a broader collapse or sets the stage for recovery will hinge on incoming data and central bank signals in the coming weeks. For now, fear not fundamentals is in the driver’s seat.

Source: Bloomberg

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Economic

High-Stakes Dialogue as BOJ and Government Diverge on Policy Outlook

The upcoming bilateral meeting between Bank of Japan Governor Kazuo Ueda and Prime Minister Sanae Takaichi marks a critical juncture in Japan’s policy landscape. Scheduled for 3:30 p.m. local time on Tuesday, the meeting comes at a time of rising currency volatility, weakening domestic growth, and increasing market speculation around the BOJ’s next rate decision.

Ueda has recently suggested that a rate hike could come as early as December, potentially moving the policy rate from 0.5% to 0.75%. However, Takaichi, known for her dovish fiscal stance and preference for coordinated government-central bank action, has publicly urged the BOJ to proceed cautiously. This divergence has created uncertainty among investors, reflected in continued yen weakness and bond market volatility.

Yen Depreciation Intensifies Policy Dilemma

The yen has recently fallen to a nine-month low, raising alarm within the Finance Ministry and intensifying the scrutiny of the BOJ’s policy stance. A prolonged weak yen raises the cost of imports particularly energy and food and could erode real wage growth, a key political concern for the Takaichi administration.

Keisuke Tsuruta of Mitsubishi UFJ Morgan Stanley Securities warns that delaying rate hikes could further pressure the currency, conflicting with the government's broader goal of increasing household purchasing power. This tension underscores the stakes of Tuesday’s meeting, as the BOJ must balance inflation control with macroeconomic and political considerations.

Takaichi’s Influence and the Future of BOJ Independence

Takaichi has advocated for expansionary policies and closer alignment between fiscal and monetary authorities. Her call for the BOJ to “move in lockstep” with government efforts to reflate the economy suggests a preference for policy coordination, possibly at the expense of central bank independence.

Analysts are watching closely to see whether Takaichi will clarify what “lockstep” means in practical terms whether it implies delaying tightening decisions, aligning messaging on inflation, or coordinating on growth targets. The outcome of the meeting could shape market expectations for BOJ policy well into 2026.

Economic Contraction Adds to Pressure Against Immediate Rate Hike

Data released on Monday showed that Japan’s economy contracted in the third quarter, driven by soft domestic consumption and weaker exports, a development that bolsters the case for caution. Takaichi’s policy adviser has already warned against premature tightening, arguing that fragile economic conditions call for supportive measures rather than higher borrowing costs.

Although inflation has remained above the BOJ’s 2% target for over three years, the persistence of this overshoot does not necessarily imply overheating. Instead, it reflects a complex environment of global supply shocks, cost-push dynamics, and structural wage stagnation all of which complicate the BOJ’s policy calculus.

BOJ’s Gradual Exit from Ultra-Loose Policy Faces Political Test

The BOJ ended its decade-long ultra-accommodative policy last year and raised rates modestly in January 2025. Since then, it has maintained the 0.5% rate, citing the need to assess the full impact of higher global interest rates, including U.S. tariffs and slower Chinese demand.

Governor Ueda’s recent hawkish tone represents a pivot from that caution, and Tuesday’s meeting with Takaichi may determine whether that pivot gains institutional and political backing or faces resistance.

The first formal discussion between Governor Ueda and Prime Minister Takaichi will go beyond ceremonial optics; it may reveal whether Japan’s monetary normalization continues into 2026 or pauses amid renewed political caution. With the yen under pressure, inflation still persistent, and GDP growth faltering, the outcome of this meeting will carry significant implications for markets, households, and the BOJ’s operational autonomy. Investors will be watching not only for concrete policy signals but also for signs of a new power dynamic between Japan’s fiscal and monetary authorities.

Source: Reuters

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Olivia Brooks

Bond

Economic

Japan's longer-maturity sovereign bonds tumbled further Tuesday as investor worries deepened that a big economic package from Prime Minister Sanae Takaichi would damage the nation's public finances.

Yields on 40-year bonds jumped 8 basis points to 3.68%, their highest level since the securities debuted in 2007, while 20-and 30-year debt each rose at least 4 basis points. The 30-year yield is just a few basis points away from a record high.

Traders are focused on the figure for actual spending in Takaichi's economic plan as they weigh the risk that rising debt issuance may threaten market stability in Japan. The size is expected to surpass last year's ¥13.9 trillion ($89.8 billion), according to a Bloomberg survey. Finance Minister Satsuki Katayama said Tuesday that while she couldn't comment in detail at this stage, the package has become "somewhat larger so far".

The bond moves are heightening caution ahead of a 20-year debt auction on Wednesday, where market watchers are expecting weak demand. The rout in Japanese bonds stood in contrast with global peers, with Treasury and Australian government bond yields edging down Tuesday.

"Bond buying will likely remain limited until the government's economic package, which is set for approval by the Cabinet on Nov. 21, is unveiled," said Kazuya Fujiwara, a fixed-income strategist at Mitsubishi UFJ Morgan Stanley Securities Co. He added that investors are also hesitant to buy longer-dated bonds ahead of the 20-year bond auction.

Takaichi is scheduled to meet with Bank of Japan Governor Kazuo Ueda at 3:30 p.m. Tokyo time, with any remarks from the two following their discussions closely watched for indications on the timing of the next interest rate hike by the central bank.

Source: Bloomberg Europe

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Bitcoin Drops Below $92,000 as Four-Year Cycle Fears and Liquidations Spark Caution Across Crypto Markets

Bitcoin’s Decline Deepens as Historical Patterns Resurface

Liquidations and Profit-Taking Accelerate Momentum Shift

Institutional Support and Policy Clarity Offer Medium-Term Optimism

MicroStrategy Buys the Dip, Reinforcing Confidence

Hawkish Fed Adds to Fragility as Traders Eye $80K Support

Four-Year Cycle Meets Structural Transition

Source: Bloomberg

Oil Prices Dip Below $64 as Market Weighs Surplus Outlook Against Russian Sanctions and Geopolitical Risks

Global Surplus Expectations Dominate Short-Term Price Pressure

Russia’s Crude Faces Collapse Just Ahead of U.S. Sanctions

North American Supply Expands with Trans Mountain Pipeline

Geopolitical Flashpoints Offer Price Support Amid Broader Weakness

Saudi-U.S. Strategic Engagement Could Shape Oil Diplomacy

Surplus Dominates, But Geopolitical Risk Limits Downside

Source: Bloomberg

Asian Markets Plunge as Nvidia Jitters, Bitcoin Slide, and Japan’s Fiscal Risks Shake Investor Confidence

Broad Tech Sell-Off Drives Asia into the Red

Bitcoin Decline Adds to Speculative Asset Pressure

Nvidia Earnings and U.S. Jobs Data Loom Large

Japan’s Fiscal Outlook and Bond Market Turbulence Add to Uncertainty

Alphabet Bucks the Trend as Berkshire Stakes Its Claim

Macro Risks, Valuation Concerns Converge to Shake Global Confidence

Source: AP

Takaichi’s Taiwan Remarks Ignite Diplomatic Storm as China Unleashes Economic Pressure

A Diplomatic Gamble: Takaichi’s Taiwan Shift Draws Immediate Repercussions

Domestic Strength Meets External Isolation: Political Costs and Calculations

China’s Calculated Escalation: Pressure Without Provocation

Strategic Implications: Takaichi Redefines Japan’s Security Posture

A Prolonged Freeze or a Calculated Reset?

Source: Bloomberg

Bitcoin Slides Below $90,000 as Extreme Fear Grips Traders Betting on $80,000 Breakdown

Bearish Sentiment Tightens Grip as Bitcoin Plunges

Digital Asset Treasuries Add to Market Stress

Volatility Spike Reflects Breakdown in Risk Appetite

Altcoins Crumble, Ether Drops Over 20%

Risk-Off Mood Dominates Despite Structural Stability

Source: Bloomberg

BOJ Governor Ueda to Meet PM Takaichi Amid Rising Yen Pressures and Policy Tensions

High-Stakes Dialogue as BOJ and Government Diverge on Policy Outlook

Yen Depreciation Intensifies Policy Dilemma

Takaichi’s Influence and the Future of BOJ Independence

Economic Contraction Adds to Pressure Against Immediate Rate Hike

BOJ’s Gradual Exit from Ultra-Loose Policy Faces Political Test

Source: Reuters

Japan’s Bond Rout Deepens As Fears Grow Over Takaichi’s Package

Source: Bloomberg Europe

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