According to @KobeissiLetter, Oracle stock ORCL fell another 5% today, is now 50% below its September 10 record high, and the cost of protection against default on Oracle’s debt is at its highest since 2009, highlighting acute credit stress around the name. source: The Kobeissi Letter on X, Dec 17, 2025. For traders, episodes of equity drawdowns alongside CDS spikes tend to coincide with broader risk-off moves that have been shown to raise crypto–equity correlations and crypto volatility, including for BTC and ETH, making ORCL price action and Oracle CDS a relevant macro signal to monitor. source: International Monetary Fund, Jan 2022, Crypto Prices Move More in Sync with Stocks.