According to Balaji (@balajis), gold has officially overtaken the euro to become the second-largest reserve asset worldwide, trailing only the US dollar. This shift in global reserve preferences could drive increased interest in decentralized assets like Bitcoin (BTC) and stablecoins, as central banks diversify away from fiat currencies. Traders should monitor reserve composition changes, as this trend may influence cross-asset flows between gold, cryptocurrencies, and traditional currencies. Source: Balaji on Twitter (June 11, 2025).

According to @KobeissiLetter citing @TaviCosta, central bank gold purchases remain historically strong, with gold holdings as a percentage of global reserves reaching approximately 18%, the highest level in 26 years. Simultaneously, foreign holdings of US Treasuries have fallen to about 23% of total US government debt, the lowest in 22 years. These shifts indicate a significant move away from US Treasuries toward gold as a reserve asset, suggesting potential volatility in the bond market and increased demand for gold. Traders should monitor treasury yields and gold prices closely, as these macro trends may drive further capital flows into precious metals and away from US debt instruments (source: @KobeissiLetter, @TaviCosta).