According to The Kobeissi Letter, $2.1 trillion of excess savings have been wiped out of the U.S. economy since August 2021. Personal savings rates are currently at 4%, near their lowest levels on record. This decline in savings could affect liquidity in cryptocurrency markets as investors may have less disposable income for investments. The overall economic pressure from low savings and high inflation might push traders to seek alternative assets like cryptocurrencies for hedging purposes.