According to @KobeissiLetter, silver’s market value now stands at $4.65 trillion and has surpassed Nvidia NVDA to become the second most valuable asset globally; source: @KobeissiLetter on X, Dec 28, 2025. The source does not reference any direct cryptocurrency impact or mention specific crypto assets; source: @KobeissiLetter on X, Dec 28, 2025.

According to @KobeissiLetter, US funds have received a cumulative USD 1.2 trillion in cross-border inflows since 2010, including USD 1 trillion since 2020, indicating exceptionally strong foreign demand (source: @KobeissiLetter, Dec 28, 2025). According to @KobeissiLetter, this sustained overseas allocation into US funds is presented as a key macro flow datapoint; traders can use this source-cited flow backdrop to contextualize risk appetite across US equities and crypto such as BTC and ETH (source: @KobeissiLetter, Dec 28, 2025).

According to @KobeissiLetter, total US public equity market capitalization has reached a record 72 trillion dollars, now more than 3.5 times the size of developed Europe’s market and over 3.5 times China and Hong Kong combined, source: The Kobeissi Letter, Dec 28, 2025. For trading, this concentration and scale are relevant because empirical analysis shows Bitcoin’s correlation with US equities rose markedly after 2020, making US risk-asset trends a material input for BTC and ETH positioning, source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks, 2022. The Bank for International Settlements also documents significant spillovers between crypto assets and traditional markets, reinforcing the need to monitor US equity momentum when managing crypto exposure, source: Bank for International Settlements, Crypto shocks and spillovers to traditional assets, 2022.

According to @KobeissiLetter, the Bitcoin-to-silver ratio has dropped to 1,104, the lowest since September 2023. According to @KobeissiLetter, the ratio has fallen 67 percent since May as silver has significantly outperformed Bitcoin. According to @KobeissiLetter, the Bitcoin-to-gold ratio is down to 19.

According to @KobeissiLetter, gold funds posted $34.2 billion in net inflows over the last 10 weeks, the most ever recorded, highlighting unprecedented demand for precious metals (source: @KobeissiLetter on X, Dec 27, 2025). According to @KobeissiLetter, money is flooding into precious metals at an unprecedented pace and market participants are now watching crypto (source: @KobeissiLetter on X, Dec 27, 2025).

According to @KobeissiLetter, Bitcoin (BTC) is now down about 6% year-to-date after having been up as much as 40% YTD into October 2025, with the broader crypto market also collapsing in tandem (source: @KobeissiLetter). According to @KobeissiLetter, the drawdown is characterized as a mechanical bear market driven by excessive leverage, while precious metals have posted a historic run, underscoring a rotation away from crypto in the near term (source: @KobeissiLetter).

According to @KobeissiLetter, the 2025 view is to own assets or be left behind, with just about all assets pushing higher this year (source: @KobeissiLetter). According to @KobeissiLetter, gold and silver have recently led performance, rising 4 and 8 times as much as the S&P 500 year-to-date, signaling strong relative momentum in precious metals versus equities (source: @KobeissiLetter). According to @KobeissiLetter, the move started with a weaker US Dollar, identifying USD weakness as the catalyst behind the broad asset advance (source: @KobeissiLetter).

According to The Kobeissi Letter, the Magnificent 7 are up 27% year-to-date and on track for a third consecutive annual gain after rallies of 107% in 2023 and 67% in 2024 (source: The Kobeissi Letter). The Kobeissi Letter reports the group is up 338% since the start of 2023 and accounted for 45% of the S&P 500’s 18% total return this year (source: The Kobeissi Letter). Based on The Kobeissi Letter’s data that the cohort’s market cap is $21 trillion, or 34% of the index, a 1% move in the group would mechanically contribute about 0.34% to the headline index, all else equal (source: The Kobeissi Letter). For crypto positioning, The Kobeissi Letter’s figures highlight extreme U.S. equity leadership that traders can use as macro risk context when assessing BTC and ETH exposure (source: The Kobeissi Letter).

According to @KobeissiLetter, US equities posted $5.1 billion of outflows last week, accelerating from $3.6 billion the prior week, which they frame as year-end profit-taking setting up for a stronger New Year; this was the 10th week of net selling in the last 14, highlighting persistent risk-off flow pressure. Source: @KobeissiLetter on X, Dec 26, 2025. According to @KobeissiLetter, single stocks drove the outflows, underscoring that selling pressure was concentrated at the individual name level rather than broad baskets. Source: @KobeissiLetter on X, Dec 26, 2025. For crypto traders, historical evidence shows stock selloffs often coincide with stronger stock-crypto co-movement and elevated BTC and ETH volatility, making equity flow data a relevant cross-asset signal. Source: IMF Global Financial Stability Report 2022; BIS Bulletin 2022.

According to @KobeissiLetter, public EU tech companies paid €3.2 billion in income tax in 2024, while the EU fined US tech companies €3.8 billion, meaning fines exceeded the sector’s total tax contribution, source: @KobeissiLetter. According to @KobeissiLetter, the post further notes that if SAP moved from Europe to the US, the EU would lose additional tax revenue, highlighting concentration risk in EU tech tax receipts, source: @KobeissiLetter. Based on these reported figures, equity traders can monitor SAP, EU tech benchmarks such as the STOXX Europe 600 Technology, and EU regulatory headlines for potential volatility driven by enforcement intensity versus the region’s tech tax base, source: @KobeissiLetter. FX desks may track EUR/USD for policy and regulatory risk repricing tied to EU enforcement actions against large-cap US tech, source: @KobeissiLetter. Crypto traders can watch BTC and ETH for cross-asset risk moves during EU tech regulatory developments that may influence broader risk appetite and liquidity conditions, source: @KobeissiLetter.

According to @KobeissiLetter, Bitcoin (BTC) fell nearly $3,000 within about 45 minutes as approximately $70 million in leveraged long positions were liquidated, indicating a rapid leverage-driven drawdown within the session, source: @KobeissiLetter. For traders, the reported long-liquidation wave can amplify intraday downside momentum and raise short-term execution risk during volatility spikes, source: @KobeissiLetter.

According to @KobeissiLetter, Alphabet’s quarterly report lists a specific line item titled European Commission fines totaling 10.5 billion dollars as of September 30, highlighting a material regulatory liability that influences valuation and risk perception in GOOGL trading, source: The Kobeissi Letter on X, Dec 26, 2025. The post characterizes EU enforcement as routine enough to appear as a normal disclosure line, signaling an ongoing regulatory overhang for Big Tech with significant European exposure, source: The Kobeissi Letter on X, Dec 26, 2025. The source provided no direct cryptocurrency market impact or token-specific catalysts, source: The Kobeissi Letter on X, Dec 26, 2025.

According to @KobeissiLetter, Nvidia (NVDA) traded above $190 in overnight action after reaching a $20 billion licensing deal with Groq (source: @KobeissiLetter on X, Dec 26, 2025). According to @KobeissiLetter, the price spike was linked to the licensing agreement and occurred outside regular market hours, indicating immediate market reaction to the AI catalyst (source: @KobeissiLetter on X, Dec 26, 2025). According to @KobeissiLetter, no additional deal terms or direct cryptocurrency market implications were provided in the post (source: @KobeissiLetter on X, Dec 26, 2025).

According to The Kobeissi Letter, CNBC initially framed the deal as a full buyout, but updated details indicate Nvidia is purchasing $20 billion worth of assets from Groq, highlighting the transaction’s scale for Nvidia and the broader AI sector (The Kobeissi Letter; CNBC as referenced by The Kobeissi Letter). The source characterizes the deal as “huge,” while providing two concrete trading-relevant facts: the structure is an asset purchase rather than a complete acquisition, and the headline size is about $20 billion (The Kobeissi Letter). The source does not provide timing, consideration mix, or financial guidance details, nor any crypto market impact metrics, limiting immediate pricing analysis beyond the deal form and size (The Kobeissi Letter).

According to @KobeissiLetter, the S&P 500 closed on Christmas Eve at a record 6,932, confirming a new all-time closing high, source: @KobeissiLetter. The move is described as the start of the 2025 Santa Rally, highlighting year-end strength in U.S. equities, source: @KobeissiLetter. Crypto traders can monitor potential sentiment spillover to digital assets following this record U.S. equity close in the next sessions, source: @KobeissiLetter.

According to The Kobeissi Letter, US-listed ETFs have recorded $1.4 trillion in net inflows so far in 2025, setting a new record. Source: The Kobeissi Letter. This already exceeds the previous full-year record by $300 billion and is more than double the 2023 total. Source: The Kobeissi Letter. ETF trading volume is up, per the same update. Source: The Kobeissi Letter. The source did not provide a breakdown by category, including crypto ETFs, so no crypto-specific impact can be quantified from this data. Source: The Kobeissi Letter.

According to @KobeissiLetter, a Friday note called for a move into 6900+ by year-end and they now report the S&P 500 at record highs with $SPX longs up about +110 points on this move, source: @KobeissiLetter on X, Dec 24, 2025. For cross-asset traders, equity breakouts have historically coincided with stronger crypto risk appetite in several regimes, with BTC’s rolling correlations to U.S. equities rising during risk-on phases, source: Kaiko Research 2023 Market Structure Review; Coin Metrics State of the Network 2022–2023. Key read-through: sustained SPX momentum typically aligns with improved crypto spot liquidity and tighter spreads, aiding BTC and ETH execution during risk-on windows, source: Kaiko Liquidity Metrics 2023.

According to The Kobeissi Letter, the S&P 500 officially hit a new record high, with roughly $18 trillion in market capitalization added since the April 2025 bottom. Source: The Kobeissi Letter, tweet on Dec 24, 2025, https://twitter.com/KobeissiLetter/status/2003847143694721024 For traders, this all-time high underscores ongoing strength in US equities and a risk-on tone cited by the source. Source: The Kobeissi Letter, tweet on Dec 24, 2025, https://twitter.com/KobeissiLetter/status/2003847143694721024 Crypto participants should note that Bitcoin’s correlation with US equities increased significantly after 2020, making equity benchmarks like the S&P 500 relevant inputs for BTC and ETH risk management. Source: International Monetary Fund (IMF), Crypto Prices Move More in Sync With Stocks, Jan 11, 2022, https://www.imf.org/en/Blogs/Articles/2022/01/11/crypto-prices-move-more-in-sync-with-stocks-posing-new-risks No additional sector leadership or breadth details were provided in the source post, so further confirmation is required for rotation or dispersion signals. Source: The Kobeissi Letter, tweet on Dec 24, 2025, https://twitter.com/KobeissiLetter/status/2003847143694721024

According to @KobeissiLetter, the S&P 500 posted a record close at 6,910, up 43% since the April 2025 bottom, underscoring an ongoing Santa Rally, source: @KobeissiLetter (Dec 23, 2025). Historically, rising U.S. equities have coincided with stronger crypto performance as stock-crypto correlations increased markedly post-2020, source: IMF (Crypto Prices Move More in Sync With Stocks, Jan 2022) and BIS (Crypto shocks and spillovers, 2023). For trading, monitor BTC and ETH momentum and cross-asset correlations with the S&P 500 for potential risk-on spillover, aided by late-December seasonality in equities, source: IMF 2022; BIS 2023; LPL Research (The Santa Claus Rally, 2023).

According to @KobeissiLetter, investors in 2024 and 2025 expected implied correlations between individual S&P 500 and Nasdaq 100 stocks to drop to the lowest levels in at least 23 years, indicating an unprecedented divergence across constituents (source: @KobeissiLetter). According to @KobeissiLetter, low implied correlation means most stocks are expected to move more independently rather than in lockstep with the index, pointing to elevated single-name dispersion versus index-level moves (source: @KobeissiLetter). According to @KobeissiLetter, the source does not provide direct implications for the crypto market or correlations with BTC or ETH (source: @KobeissiLetter).