According to the source, Eric Trump warned that making crypto too America-centric is dangerous, based on his public social media remarks on Oct 25, 2025, which traders can interpret as a call to monitor geographic concentration risk in market structure; source: Eric Trump public social media remarks on Oct 25, 2025. U.S. spot Bitcoin ETFs have concentrated liquidity during U.S. trading hours since their Jan 2024 approval, increasing sensitivity to U.S. macro and regulatory headlines for BTC and broader crypto indices; source: U.S. SEC approval orders on Jan 10, 2024 and Kaiko liquidity-by-session research in 2024. CME has ranked among the largest venues for BTC futures open interest since late 2023, underscoring rising U.S. institutional influence on price discovery and basis; source: CME Group market statistics and open interest data from late 2023 through 2024. Non-U.S. access remains material: Hong Kong’s spot BTC and ETH ETFs launched in April 2024, adding APAC onshore exposure despite smaller AUM and volumes versus U.S. peers, which helps diversify regional flows; source: Hong Kong SFC and HKEX notices in April 2024 and issuer disclosures from Bosera and Harvest. Exchange market share remains globally distributed across Binance and Bybit for derivatives and multiple spot venues, so traders should track cross-region liquidity and funding to gauge potential spillovers between U.S., APAC, and EU sessions; source: Kaiko and CCData exchange market share reports in 2024.