According to Balaji (@balajis), Russia's current economic position is as a junior partner to China, drawing parallels to historical partnerships like Japan and Germany with the US. This dependency suggests potential impacts on cryptocurrency markets, where geopolitical shifts can influence trading patterns and investor sentiment.

According to The Kobeissi Letter, US imports from China have declined by 8 percentage points since 2018, reaching 13.5% of total imports, marking the lowest percentage in 21 years. This significant shift in trade dynamics could influence cryptocurrency markets as traders may seek alternative investment opportunities amidst changing economic dependencies.