European government bond traders are gearing up for one intense year. The debt markets are set to be anything but quiet, with issuers facing significant challenges in moving bonds into investors' hands. This isn't just about traditional finance – when government debt markets heat up or cool down, it ripples across all asset classes, including crypto markets. Rising yields on government bonds typically reshape how capital flows globally, making it a metric worth watching for anyone holding crypto or other alternative assets. The momentum in European debt markets could signal broader shifts in how investors are repositioning their portfolios in 2025.