According to The Kobeissi Letter, the Bank of Japan (BOJ) now owns an unprecedented 52% of all domestic government bonds, totaling a massive $4.1 trillion on its balance sheet. In contrast, life insurers, banks, and pension funds hold only 13.4%, 9.8%, and 8.9% respectively (source: The Kobeissi Letter, May 25, 2025). This concentration of bond ownership by the BOJ signals continued ultra-loose monetary policy, which could influence global liquidity flows. For cryptocurrency traders, the BOJ's actions may sustain risk-on sentiment and support capital inflows into digital assets as investors seek higher returns outside traditional bonds.