According to Brad Freeman (@StockMarketNerd) on Twitter, Snowflake (SNOW) released its Q1 2025 earnings, highlighting a year-over-year revenue growth but missing analyst expectations on both revenue and guidance. The reported revenue was $789 million versus the estimated $800 million, and forward guidance was below consensus (Source: @StockMarketNerd, Twitter, May 21, 2025). This underperformance has led to a negative market reaction, with SNOW shares trading lower after hours. For crypto traders, this signals potential risk-off sentiment in tech and AI-linked equities, which could spill over to risk assets like Bitcoin and Ethereum, increasing near-term volatility and selling pressure across digital assets.

According to The Kobeissi Letter, the 30-year US Treasury note yield surged to 5.09% for the first time since November 2023, signaling a significant shift in the bond market landscape (source: @KobeissiLetter, May 21, 2025). With the Federal Reserve having raised interest rates four times in 2023, this yield level was last seen in July 2007. For crypto traders, rising long-term yields often increase market volatility and can pressure risk assets like Bitcoin and Ethereum, as higher yields may attract capital away from digital assets into safer government bonds. Monitoring this bond market movement is crucial for anticipating liquidity shifts and potential price reactions across the cryptocurrency market.

According to The Kobeissi Letter, the delinquency rate on commercial mortgage-backed securities (CMBS) for office properties surged to 10.3% in April 2025, nearly matching the record high. This marks a 9 percentage point increase over the past three years, signaling deepening stress in the commercial real estate sector. For cryptocurrency traders, heightened defaults in CMBS markets can trigger broader financial instability and risk-off sentiment, historically leading to increased volatility and potential short-term downside in risk assets such as Bitcoin and Ethereum (source: The Kobeissi Letter, May 7, 2025).