According to The Kobeissi Letter, China’s central bank increased its gold holdings by approximately 70,000 troy ounces in April 2025, reaching a record 73.8 million ounces. This marks the sixth consecutive month of gold accumulation, with total holdings up nearly 1 million ounces during this period (source: The Kobeissi Letter, May 9, 2025). For crypto traders, sustained gold purchasing by China signals heightened demand for alternative stores of value, reflecting ongoing concerns over fiat currency stability. This trend supports bullish sentiment for Bitcoin and other digital assets often considered 'digital gold,' particularly as global investors seek diversification amid central bank moves (source: The Kobeissi Letter, May 9, 2025).