According to The Kobeissi Letter, 246 large US companies have filed for bankruptcy year-to-date, marking the highest level in 15 years. This figure surpasses last year's 206 bankruptcies and is more than double the number during the same period in 2022. The report highlights that 59 bankruptcy filings occurred in April alone, correlating with an increase in tariffs. For crypto traders, this spike in corporate distress signals heightened economic uncertainty, which could drive increased volatility in both traditional and digital asset markets. Traders should monitor macroeconomic risk and liquidity trends, as large-scale bankruptcies historically lead to shifts in capital flows, potentially increasing demand for hedge assets like Bitcoin and stablecoins. (Source: The Kobeissi Letter, May 16, 2025)