Massive Crypto Outflows, Japanese Markets at Historic Highs, & a Strong Chinese Rally

1. Crypto ETFs experienced a massive net outflow, with the Bitcoin ETF recording a $630.4 million outflow, signaling significant bearish sentiment.
2. Japanese markets showed strong contrasting signals as the Nikkei index reached a record high while its 10-year bond yield hit its highest level since 1997.
3. The Chinese Yuan strengthened to its strongest level since February 2023 amid expectations of a very positive Hong Kong market open, led by a 7.76% surge in Alibaba shares.