According to @KobeissiLetter, the S&P 500 has surged roughly 250 points from Friday’s low, is now above the November 20 high, and has added about $2.1 trillion in market capitalization in under three trading days, effectively erasing last week’s selloff, signaling a swift risk-on reversal for macro markets. source: @KobeissiLetter For crypto traders, risk-on strength in U.S. equities is often associated with improved liquidity and higher beta positioning in BTC and ETH during positive correlation regimes observed across 2023–2024, so monitoring cross-asset correlation remains key. source: Kaiko research; Coin Metrics research The source also noted the S&P 500 is roughly 2.2% from a referenced threshold, reinforcing the momentum backdrop that crypto traders may track for spillover into digital asset risk-taking. source: @KobeissiLetter