According to @KobeissiLetter, Japanese investors held a combined $2.22 trillion in US bonds and stocks at the end of 2024, based on Bank of Japan data, highlighting their outsized role in US asset demand, source: Bank of Japan data cited by @KobeissiLetter. The tweet adds that the next largest exposures are via the Cayman Islands and France at $834 billion and $179 billion respectively, with the UK also noted though the excerpted figure is not shown, source: Bank of Japan data cited by @KobeissiLetter. For traders, the scale of Japanese capital flows is a critical liquidity and pricing driver for US Treasuries and equities, making Bank of Japan policy signals and yen dynamics important catalysts to monitor, source: Bank of Japan data cited by @KobeissiLetter.

According to The Kobeissi Letter, European investors now hold a record USD 10.4 trillion in US stocks, with ownership up about USD 4.9 trillion or 91 percent over the last three years. The Kobeissi Letter adds that investors from Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the UK account for about USD 5.7 trillion of that exposure. Based on The Kobeissi Letter data, traders can view this as evidence of strong foreign demand that may support US equity liquidity and valuations while increasing sensitivity to USD and US rate moves. For positioning, The Kobeissi Letter figures suggest monitoring sectors with high foreign ownership and currency hedging costs when sizing risk in US equities.

According to @KobeissiLetter citing U.S. Treasury TIC data, EU investors hold a record 10 trillion in U.S. assets, with about 6 trillion in U.S. equities or roughly 58 percent of EU holdings and about 2 trillion in U.S. Treasuries, per U.S. Treasury TIC data. This concentration indicates EU cross border flows can influence U.S. equity liquidity and Treasury demand, per U.S. Treasury TIC data and Federal Reserve research on foreign investor effects on yields. For crypto traders, IMF research shows rising comovement between Bitcoin and U.S. equities, implying EU reallocations between equities and Treasuries can transmit to BTC and ETH through risk appetite and financial conditions, per IMF analysis and Federal Reserve Financial Stability assessments. Key watchpoints are TIC flow releases and moves in U.S. yields as signals for potential spillovers to crypto, per U.S. Treasury TIC data and IMF research.

According to @EricBalchunas, emerging markets ETFs posted a record month of inflows in the first two weeks of January after a strong Q4, with 72 different funds taking in cash (source: @EricBalchunas). He noted that IEMG is leading among retail and model-driven allocations while EEM is leading among traders and institutions, indicating broad-based participation across investor types (source: @EricBalchunas). He added that this breadth and leadership show clear activity building in EM equity exposure (source: @EricBalchunas).

According to @glassnode on Jan 12, 2026 via X, on-chain signals are mixed as fundamental activity continues to soften while capital flows and realized profit/loss conditions are stabilizing. This points to a tentative recovery beneath the surface but with conviction still limited. Source: @glassnode, X, Jan 12, 2026.

According to @glassnode, on-chain signals remain constructive as fundamental activity continues to recover and profit and loss metrics improve modestly, source: @glassnode on X, Jan 5, 2026. According to @glassnode, capital flows have softened, signaling consolidation rather than broad distribution, source: @glassnode on X, Jan 5, 2026. According to @glassnode, early accumulation behavior persists, source: @glassnode on X, Jan 5, 2026.

According to @KobeissiLetter, net foreign purchases of US assets are running at an annualized $1.65 trillion in 2025, a $450 billion (38%) increase versus full-year 2024. According to @KobeissiLetter, foreign equity purchases have doubled year over year to about $650 billion. According to @KobeissiLetter, foreign investors bought about $20 billion more in Treasuries than in 2024, totaling about $580 billion. According to @KobeissiLetter, corporate bond demand rose by about $100 billion year over year to about $400 billion. According to @KobeissiLetter, global capital is flowing into US markets at a historic pace.

According to @CryptoMichNL, the market is in a phase where traders overprice downside risk and underprice upside potential, signaling a setup for selective rotation rather than broad risk-off behavior. Source: @CryptoMichNL on X, Dec 16, 2025. According to @CryptoMichNL, 2026 will be tougher than 2017 and 2021 for altcoin selection due to a larger supply of tokens, implying stricter screening on fundamentals, liquidity, and sustained demand. Source: @CryptoMichNL on X, Dec 16, 2025. According to @CryptoMichNL, with reduced odds of outsized returns in BTC and ETH, capital will pivot toward fundamentally strong altcoins, favoring projects with clear utility, sticky users, and robust token economics. Source: @CryptoMichNL on X, Dec 16, 2025. According to @CryptoMichNL, the recurring cycle dynamic suggests altcoins can still rally, but gains will concentrate in quality names rather than the entire sector, guiding traders to prioritize strength and avoid illiquid long tails. Source: @CryptoMichNL on X, Dec 16, 2025.

According to glassnode, on-chain indicators are mixed: fundamental activity softened as network usage cooled, while capital flows strengthened on elevated transfer activity. Source: glassnode, X, Dec 15, 2025. Profit and loss metrics improved modestly but remain low, signaling stabilization rather than a broad recovery. Source: glassnode, X, Dec 15, 2025.

According to @glassnode, on-chain indicators improved this week as fundamentals and profit/loss states strengthened on rising activity and realized outcomes, while capital flows softened with value rotation easing; improvements are emerging but conditions remain uneven; source: @glassnode, Dec 8, 2025.

According to @cryptorover, approximately $1 trillion was added to the US stock market today and he states that a rotation into crypto is next, highlighting a potential shift of capital toward digital assets for traders to watch; source: @cryptorover on X, Nov 10, 2025.

According to @rovercrc, gold’s RSI printed 91.8, indicating an extremely overbought setup with a likely near-term cooldown, source: @rovercrc on X, Oct 14, 2025. According to @rovercrc, the author expects capital to flow back into Bitcoin BTC after gold cools down, source: @rovercrc on X, Oct 14, 2025.

According to @AltcoinGordon, crypto markets are not level playing fields, with results skewed toward participants who secure superior information, highlighting structural information asymmetry (source: @AltcoinGordon, X, Sep 15, 2025). The author advises traders to follow high-quality information sources and track the actions of large capital, or smart money, to gain an edge (source: @AltcoinGordon, X, Sep 15, 2025). For execution, this points to prioritizing signals tied to big-money flows rather than generic commentary when making trade decisions (source: @AltcoinGordon, X, Sep 15, 2025).

According to @secondswap_io, CEO @LCV_KL will take the Dome Stage at CoinfestAsia 2025 to unpack sustainable onchain liquidity drivers across DeFi, RWAs, and DEX flows (source: @secondswap_io on X, Aug 20, 2025). The session will cover where capital is flowing next and the future of capital staying onchain, with updates available by following @LCV_KL (source: @secondswap_io on X, Aug 20, 2025).

According to @glassnode, the latest Market Pulse unpacks shifts in Bitcoin ETF positioning, options market sentiment, and capital flows that are shaping BTC’s next move, covering both on-chain and off-chain signals; source: @glassnode on X, Aug 11, 2025, link https://t.co/XK2ajcxa2M. According to @glassnode, the report consolidates these market drivers to inform directional risk assessment for BTC traders by tracking ETF positioning, derivatives sentiment, and capital rotation metrics; source: @glassnode on X, Aug 11, 2025, link https://t.co/XK2ajcxa2M.

According to @MilkRoadDaily, Ethereum (ETH) momentum in the past few weeks is being driven by three catalysts highlighted in their thread: capital flows, protocol upgrades, and real world adoption (source: @MilkRoadDaily). The thread identifies these areas as current market drivers for ETH that traders can monitor for potential shifts in price and liquidity (source: @MilkRoadDaily). This framing places capital inflows, upgrade progress, and adoption developments as the primary catalysts the source is tracking for ETH performance (source: @MilkRoadDaily).

According to @QCompounding, the stock investing framework, originally credited to Brian Stoffel, outlines essential metrics for evaluating stocks, such as moat, management, financials, and valuation. Traders can leverage these criteria to identify equities with strong fundamentals, which may signal broader market sentiment shifts that affect cryptocurrency prices through cross-market correlations. This framework is especially relevant for crypto traders seeking to anticipate capital flows and volatility based on equity market trends (source: @QCompounding).

According to @StockMarketNerd, recent minor pullbacks in equities following three months of consistent gains may indicate that the broader market is due for a pause or correction. For crypto traders, this potential stock market cooling period could lead to increased volatility or shifts in capital flows affecting top cryptocurrencies such as BTC and ETH. Monitoring equity sentiment and risk appetite is crucial for anticipating short-term crypto price movements, as traditional market corrections often influence digital asset performance, especially in correlated macro environments (source: @StockMarketNerd).

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's recent outperformance against Bitcoin, with ETH dominance rising to nearly 10% while BTC dominance fell 2-3 percentage points, acts as a leading indicator for capital flows into altcoins like Pendle and Bittensor. On-chain data shows strong inflows to emerging sectors such as DeFi and AI, supported by institutional demand, including over $1.25 billion into spot ETH ETFs since mid-May. Amid geopolitical tensions from an Israeli attack on Iranian nuclear facilities, BTC and ETH prices declined sharply, but ETH remains up nearly 40% over the last three months, according to CoinMarketCap data.

According to The Kobeissi Letter, the annual interest expense on US government debt has soared to $1.2 trillion over the past 12 months, now exceeding daily payments of $3.3 billion and surpassing health and defense expenditures by approximately $300 billion (Source: The Kobeissi Letter, June 20, 2025). This record-high debt servicing cost signals increasing fiscal strain, which has historically contributed to investor interest in alternative assets like Bitcoin (BTC) and Ethereum (ETH) during periods of fiat instability. Traders should monitor potential capital flows into crypto markets as concerns over US fiscal sustainability intensify.