According to @StockMKTNewz, the NASDAQ 100 ETF (QQQ) closed today 8% below its previous all-time high, signaling a notable pullback in large-cap tech exposure; source: @StockMKTNewz (X, Nov 20, 2025). For crypto positioning, traders can monitor whether this equity drawdown coincides with risk-off flows in BTC and ETH to adjust leverage and hedges; source: @StockMKTNewz.