According to The Kobeissi Letter, a Friday alert called for a move back above 6900, and the subsequent long positions are now nearly +100 points on the move, indicating renewed year-end momentum often described as a Santa rally (source: The Kobeissi Letter, X, Dec 23, 2025). Traders focused on risk appetite can note that such equity upside moves have historically coincided with positive short-term correlations between BTC and U.S. stocks, prompting cross-asset monitoring during risk-on phases (source: Kaiko Research, 2023 BTC–equities correlation).