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).

According to KookCapitalLLC, cryptocurrency markets are finally decoupling from traditional financial markets, a shift that was expected to take another cycle or longer. This decoupling is supported by cryptocurrency's jurisdictionless nature, which is becoming evident as multiple jurisdictions face economic challenges. This trend is considered bullish for crypto investors, as geopolitical uncertainties may further drive this divergence.