According to The Kobeissi Letter, Michael Burry has liquidated all positions in his portfolio except for a new holding in Estee Lauder ($EL). This drastic reduction in stock exposure, reported on May 15, 2025, highlights a defensive stance and raises concerns over broader market volatility. Burry's move may signal heightened risk aversion among institutional investors, which could trigger a rotation of capital from equities to safer assets, including cash and potentially cryptocurrencies as alternative stores of value. Crypto traders should monitor market sentiment closely, as shifts in traditional equity portfolios often precede increased flows into digital assets during uncertain periods. Source: The Kobeissi Letter Twitter