According to The Kobeissi Letter, on May 21st, the US 10-Year Treasury Note yield jumped above 4.60%, exceeding the levels seen during the Trump administration's 90-day tariff pause on April 9th (Source: @KobeissiLetter, May 23, 2025). This sharp rise in yields signals significant stress in the bond market, despite continued strength in equities. Such yield spikes typically trigger risk-off sentiment that can increase volatility in the cryptocurrency market, as traders may rotate capital away from risk assets like Bitcoin and altcoins. Crypto traders should closely watch bond market developments and potential Trump administration interventions, as these could impact liquidity and risk appetite across all asset classes.

According to Zac_Pundi, S&P 500 companies earned four times more revenue from China compared to the US-China trade deficit, highlighting the significant financial ties between US corporates and China (source: Zac_Pundi on Twitter, May 8, 2025). For crypto traders, this underscores the potential impact of US-China economic relations on both traditional equity markets and digital assets, as stronger corporate earnings from China may boost investor risk appetite and liquidity flows into cryptocurrencies.

According to @cobie on Twitter, memecoin trading is increasingly competitive and considered the minor leagues of crypto trading, with 99% of participants not advancing to perpetual futures (perps) trading. Perps are described as scalable and akin to the major leagues, offering significantly higher earning potential and liquidity compared to memecoins. This analysis suggests that traders aiming for substantial profits and long-term growth should consider transitioning to perps trading for greater scalability and market depth (source: @cobie on Twitter, 2024-06).