According to @caprioleio, Treasury money market fund market NAV readings below 1 have hit a new all-time high, and he warns that if the broader market does not bounce soon, this stress could drive the next leg lower in risk assets. Source: Charles Edwards (@caprioleio) on X, Nov 14, 2025. In money market funds, a market NAV below 1 means the portfolio would be valued under 1 dollar per share on a mark-to-market basis, a risk metric monitored under SEC Rule 2a-7 and by the U.S. Treasury Office of Financial Research Money Market Fund Monitor. Source: U.S. SEC Rule 2a-7; U.S. Treasury Office of Financial Research MMF Monitor. For trading, Edwards’ alert can be treated as a risk-off cue; traders may reduce exposure or hedge in BTC and ETH while monitoring the breadth of mNAV-below-1 readings for confirmation. Source: Charles Edwards (@caprioleio) on X, Nov 14, 2025.

According to The Kobeissi Letter, the percentage of lowest-income Americans aged 20 to 64 with credit card debt over 90 days past due surged to approximately 16% in Q1 2025, marking the highest level in 22 years (source: The Kobeissi Letter on Twitter, May 13, 2025). This figure has increased by about 6 percentage points over the last three years, based on data from the St. Louis Fed. For crypto traders, this sharp rise in US consumer financial stress may signal further volatility and risk-off sentiment across risk assets, including cryptocurrencies. Historically, elevated consumer delinquencies have coincided with reduced liquidity and increased market caution, often leading to short-term downward pressure on Bitcoin and altcoins. Traders should closely monitor upcoming economic data and Fed policy statements for additional cues on risk appetite and potential market movements.