According to The Kobeissi Letter, Chinese exports to the US fell by 34% in May 2025, marking the largest drop since February 2020 and the second consecutive monthly decline, despite the May 12th trade deal agreement (source: The Kobeissi Letter, June 9, 2025). This sharp contraction highlights weakening US demand for Chinese goods, signaling potential disruptions in global supply chains. For crypto traders, such macroeconomic shocks often increase Bitcoin and altcoin volatility, as investors seek alternative stores of value during periods of trade tension and uncertainty in traditional markets.