According to The Kobeissi Letter, the US stock market's outperformance compared to emerging markets has reached its lowest ratio in approximately 55 years, sitting about one standard deviation below its historic mean (source: The Kobeissi Letter on Twitter, June 20, 2025). This level of US equity dominance surpasses even the 2000 Dot-Com Bubble peak. For crypto traders, this historic divergence signals increased global risk aversion and could drive more capital into alternative assets like Bitcoin (BTC) and Ethereum (ETH) if investors seek diversification away from US equities. Monitoring correlations between emerging markets, US stocks, and major cryptocurrencies is crucial for informed trading strategies.