According to The Kobeissi Letter, the recent sell-off in U.S. Treasuries highlights that foreign entities own $8.5 trillion or 33% of the total U.S. public debt. Japan remains the largest foreign holder with $1.08 trillion, while China follows as the second-largest. This shift in Treasury ownership can potentially influence cryptocurrency markets as investors seek alternative assets.

According to The Kobeissi Letter, foreign entities own $8.5 trillion of US Treasuries, representing 33% of total US public debt. Japan is the largest foreign holder with $1.08 trillion, followed by China. This significant foreign investment influences the US bond market dynamics, particularly during the recent sell-off, which traders should monitor closely for market volatility and potential impacts on yields.