According to The Kobeissi Letter, US household allocation to stocks rose by 2.2 percentage points in Q2 2025 to a record 45.4%, marking the sixth increase in seven quarters and standing about 15 points above the 2020 low, roughly 3 points above the 2021 record, and about 7 points above the 2000 dot-com peak (source: The Kobeissi Letter, Sep 16, 2025). According to The Kobeissi Letter, Americans now hold a record $51.2 trillion in corporate equities and mutual fund shares, with households described as "all-in on equities," a positioning gauge traders can use to assess risk appetite and potential mean-reversion risk across risk assets (source: The Kobeissi Letter, Sep 16, 2025). According to the International Monetary Fund, equity–crypto comovements strengthened post-2020, meaning shifts in US equity positioning can transmit to BTC and ETH volatility, warranting cross-asset monitoring by crypto traders (source: IMF, Crypto Prices Move More in Sync With Stocks, Jan 2022).