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.