According to The Kobeissi Letter, US Treasury funds received a record $19 billion in net inflows last week, surpassing the previous high of $14 billion during the 2020 pandemic (source: @KobeissiLetter, April 26, 2025). The 4-week moving average now stands at $7 billion, the highest since March 2023. This surge in demand for US Treasuries signals increased investor preference for safe-haven assets, potentially putting downward pressure on bond yields. For crypto traders, this shift may indicate reduced risk appetite in traditional markets, which historically correlates with short-term volatility in Bitcoin and altcoins as capital temporarily flows out of risk assets (source: @KobeissiLetter).