Japan’s 20-year bond auction cleared at a 3.856% average yield, up 15.8 basis points from August, without signs of a failed sale. For Bitcoin, the risk is slower-moving: if higher Japanese yields feed into tighter BOJ policy or a stronger yen, leveraged carry trades could come under pressure. https://cryptoslate.com/why-japans-3-8-bond-shock-is-quietly-setting-a-trap-for-bitcoin/