According to The Kobeissi Letter (Oct 7, 2025), the value of equities held by the bottom 50% of US households surpassed USD 500 billion for the first time. According to The Kobeissi Letter (Oct 7, 2025), this figure has quintupled since the 2020 pandemic and exceeds the pre-pandemic average of roughly USD 100 billion. According to The Kobeissi Letter (Oct 7, 2025), on a per-household basis this is about USD 8,150 and the bottom 50% still own just 1% of all US equities. According to The Kobeissi Letter (Oct 7, 2025), the bottom half remains far behind.

According to the source, the number of crypto millionaires reportedly rose 40% in 2025 to 241,700, including 36 billionaires. source: X post dated 2025-09-23. For trading context, growth in high‑net‑worth holders has historically coincided with expanding market capitalization and deeper order books, supporting tighter spreads and higher executable size. source: Kaiko Research, Market Liquidity Review 2023; Binance Research, Market Structure reports 2021–2023. To validate whether this wealth expansion is broad‑based, traders can track the count of $1M+ on‑chain addresses and stablecoin net issuance, both of which have shown positive correlation with bull‑phase spot volumes and liquidity. source: Glassnode, The Week On‑Chain (2021–2023); Coin Metrics, State of the Network (2022–2023). Risk note: near local tops, whale distribution has previously elevated realized profits and short‑term volatility, so monitor order‑book depth and slippage into resistance. source: Glassnode on realized profit dynamics (2021–2022); Kaiko volatility and liquidity studies (2022–2023).

According to @StockMKTNewz citing CNBC, the United States added more than a thousand new millionaires every day in 2024. This rapid increase in high-net-worth individuals is driving heightened interest in alternative assets, including cryptocurrencies like BTC and ETH, as new millionaires seek portfolio diversification and returns beyond traditional equities. Traders should monitor wealth distribution trends, as increased capital inflow can boost liquidity and trading volumes in the crypto market. (Source: CNBC via @StockMKTNewz, June 20, 2025)

According to Miles Deutscher, the top 1% of U.S. earners now hold more wealth than the entire middle class, indicating a growing wealth gap. This trend could have significant implications for economic stability and consumer spending, which may affect market behaviors and investment strategies. Traders should consider the potential impacts of AI-driven labor disruptions, as they may further concentrate wealth among top earners and influence financial markets. Source: Miles Deutscher

According to Glassnode, the current percentage of Bitcoin wealth held by new investors (24 hours to 3 months) is at 50.2%, which is significantly lower than the peaks seen in previous all-time high cycles, such as 85% in 2018 and 74% in 2021. This suggests that new investors are holding less influence over the market compared to past peak periods, potentially indicating a different market dynamic. Source: Glassnode.