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Japan's rising bond yields pressure Bitcoin, but corporate buying may offer support amid ETF outflows.

Market News
08 Jul 2026
AMBCrypto
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Neutral
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Japan's 10- and 20-year government bond yields have hit 30-year highs, raising concerns about global liquidity and risk assets like Bitcoin. Increased bond issuance and reduced Bank of Japan holdings create supply-demand challenges, potentially reducing capital available for risk assets. Bitcoin has faced pressure with over $5 billion in ETF outflows, yet corporate treasuries hold over 1.26 million BTC, providing some support. The key to Bitcoin's recovery lies in surpassing resistance near $64,600, but sustained gains depend on calmer bond markets and renewed ETF inflows.

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