According to @KobeissiLetter, the S&P 500 is down about 3% from its record high but is up roughly 110 points today, while market sentiment remains at 'Extreme Fear,' source: @KobeissiLetter on X, Nov 24, 2025. The author states this setup is not what typically precedes a market crash, highlighting a price-sentiment divergence that can inform near-term risk management, source: @KobeissiLetter on X, Nov 24, 2025. For traders, the author’s view suggests today’s strength alongside extreme fear does not align with an imminent crash narrative, which can temper panic-driven positioning, source: @KobeissiLetter on X, Nov 24, 2025.

According to @KobeissiLetter, market sentiment has returned to 'Extreme Fear' while the S&P 500 sits roughly 2% below its all-time high, which they argue is not what typically precedes a crash, source: @KobeissiLetter. For traders, this points to a contrarian risk-on skew and reduced near-term crash probability per their view, source: @KobeissiLetter. The post provides no crypto-specific commentary, so any impact on digital assets is not specified, source: @KobeissiLetter.