According to The Kobeissi Letter, US auto loan serious delinquencies—defined as balances at least 90 days past due—rose sharply to 5.0% in Q1 2025, marking the highest level since the 2020 peak and just below the post-2008 crisis peak of 5.2% (Source: The Kobeissi Letter, Twitter, May 17, 2025). This spike signals deepening consumer credit stress, which historically increases risk-off sentiment in traditional markets and often triggers capital flows into cryptocurrencies as alternative assets. Crypto traders should monitor macroeconomic indicators and potential volatility, as rising delinquencies may prompt policy responses or market shifts impacting digital asset demand.