According to The Kobeissi Letter, individual investors have reduced their stock allocations by about 6 percentage points over the last two months, reaching 64%, the lowest level since the 2022 bear market, based on the latest AAII Survey. This move aligns with the long-term average, signaling a shift in risk appetite and potentially increasing interest in alternative assets like cryptocurrencies. Historically, lower equity allocations have corresponded with increased crypto inflows as traders seek diversification and higher-yield opportunities. This trend could signal near-term volatility or capital rotation, making crypto markets a focal point for investors looking to rebalance portfolios. Source: The Kobeissi Letter Twitter, May 13, 2025.