According to Cas Abbé, August 2025 is seeing a significant increase in altcoin outflows from exchanges, mirroring the trend observed in July. Abbé notes that altcoins are being withdrawn from exchanges rather than deposited, which typically indicates that investors are choosing to hold rather than sell their assets. This pattern follows Bitcoin's recent strong performance, suggesting increased confidence among altcoin holders and potential tightening of available supply on trading platforms. Such developments are noteworthy for traders monitoring market liquidity and sentiment shifts in the altcoin sector. Source: Cas Abbé

According to The Kobeissi Letter, the 10-year US Treasury yield, which had been steadily declining before April 2nd's announcement of reciprocal tariffs, reversed course as basis trades unwound amid rising volatility. The yield surged past 4.50%, now sitting above that key level (source: The Kobeissi Letter, May 21, 2025). This sharp increase in yields signals tighter financial conditions, which historically pressures risk assets like Bitcoin and altcoins. Crypto traders should monitor US bond market volatility closely, as sustained high yields may drive further outflows from digital assets and increase market risk.