According to The Kobeissi Letter, the 11 largest Asian countries have increased their holdings of US equities and bonds by $4.7 trillion since the 1997 Asian Financial Crisis, bringing total Asian investments in US assets to $7.5 trillion (source: The Kobeissi Letter, May 30, 2025). The majority of these holdings are concentrated in Japan. For crypto traders, the rising allocation to US assets by Asian sovereigns and institutions signals sustained confidence in US financial markets, potentially supporting a strong dollar environment that can impact Bitcoin and other digital asset flows. This trend highlights the need for traders to monitor cross-border capital movements for implications on crypto volatility and liquidity.