According to The Kobeissi Letter, world central banks have reduced their foreign holdings of US Treasuries to approximately 23% of total US government debt, marking the lowest level in 22 years. This represents an 11 percentage point decline over the past nine years, signaling a major shift in global reserve strategies. Concurrently, gold holdings as a percentage of global reserves are increasing. For traders, these trends may indicate weakening confidence in US debt and a possible rise in demand for alternative assets such as cryptocurrencies and gold, as global reserve diversification accelerates (Source: The Kobeissi Letter on Twitter, April 27, 2025).